Both North London clubs have been linked with a move for the Southampton central midfielder, with a bidding war potentially on the cards.
With the January transfer window just around the corner, both Tottenham and Arsenal will be gauging the possibility of adding strength in depth to their squads next month.
The North London rivals have both been linked with a move for Southampton midfielder Morgan Schneiderlin, who continues to impress on at St Mary’s.
The France international was widely expected to leave the club in the summer in the Saints exodus, but the south coast club dug their heels in over their star man’s availability.
However, with scope for both sides to revive their interest in Schneiderlin, who needs him more - Tottenham or Arsenal?
Mauricio Pochettino is slowly start to stamp his authority on the White Hart Lane squad he inherited in the summer, with results improving for Spurs.
The Argentine has already shown that he likes signing players he has worked with in the past by bringing Federico Fazio to England and the former Southampton manager’s influence could well be a key element in Schneiderlin’s potential decision-making process.
With Pochettino’s preferred starting XI starting to take shape week-in, week-out, a central midfield partnership of Ryan Mason and Nabil Bentaleb has been formed.
However, the young pair will be separated when the Algerian travels to take part in the African Cup of Nations in the new year, while despite the duo having promise they also lack experience.
Schneiderlin’s work-rate, energy and movement off the ball would certainly freshen up Pochettino’s options in the heart of his team, especially if Paulinho leaves the club to return to Brazil.
The Gunners are not exactly short of central midfielders with the likes of Aaron Ramsey, Jack Wilshere, Mikel Arteta and Alex-Oxlade Chamberlain in Arsene Wenger’s squad.
However, there is an argument to suggest that the Emirates Stadium outfit lack a bit of authority and a physical presence in the centre of the park with no recognised enforcer bar Mathieu Flamini.
Although not necessarily a defensive midfielder in the ilk of someone like Patrick Vieira, Schneiderlin has the attributes to potentially be a commanding figure in Arsenal’s midfield.
With Arsene Wenger’s tutelage and a slight modification of his positioning and role, Schneiderlin could well be the man that the side have cried out for since Alex Song left for Barcelona.
Someone like Christophe Kramer, who the Gunners have been linked with in the last couple of days, would be a ready-made defensive screen for Wenger’s men, but there is an argument that Schneiderlin could be equally as effective - and he already knows the demands of English football.
There is no doubt that both sets of fans would be happy if their club signed Schneiderlin, who would be a quality signing for either Tottenham or Arsenal.
It may well be that the Gunners opt for a more combative and defensive-minded figure if and when they strengthen, with Kramer or someone like Lars Bender a more suitable signing to overcome their shortcomings.
Tottenham need a leader in the heart of their team and the Southampton star would certainly fit the bill.