The Real Madrid defender is wanted by a host of top European clubs, should he choose to leave the Bernabeu.
Both clubs have also been linked with Barcelona star Dani Alves, for numerous months, with the Brazilian yet to pen a new contract with the Catalan giants, but the most recent indications would seem to suggest he will stay at the Camp Nou
It's now another 'Dani', who looks set to be the focus of a transfer tug of war, between Old Trafford and Anfield. According to Spanish daily, AS, firm enquiries have been made by Manchester United and Liverpool, for Real Madrid right-back Dani Carvajal.
Having secured their move for Danilo from FC Porto already, speculation has been rife that Carvajal may be surplus to requirements at the Bernabeu. However, the player himself has repeatedly insisted he's willing to stay and fight for his place.
Although he's been the first-choice option for Ancelotti throughout the 2014-15 campaign, making 41 appearances in all competitions, there are nagging doubts for Carvajal that he could be in the shadow of Danilo next season.
Whilst leaving the Bernabeu this summer might not be the preferred option for the 23-year-old, who has three caps for Spain, Real Madrid may be willing to consider bids that are tempting enough.
The two English sides aren't alone in their interest though. Bayern Munich and Paris Saint-Germain are also said to be monitoring the situation, also ready to pounce if Carvajal is made available.
Although no valuations have yet been speculated, it could take a fee of between €15 and €20 million to capture Carvajal, who Real Madrid bought swiftly back from Bayer Leverkusen for €6.5 million, after he spent an impressive season in the Bundesliga.
With youth on his side though, and having made continued progress with Real Madrid, he would certainly prove a good long-term investment, if Manchester United and Liverpool pursue their reported interest.