Liverpool and Manchester United head into the new season with different ambitions but a shared desire to strengthen their squads before the transfer window closes.
Liverpool failed to retain their Premier League title and have since begun rebuilding under Andoni Iraola.
Jeremy Jacquet and Victor Munoz have arrived, while the Reds continue pursuing further additions in attack and defence.
Their preseason tour of the United States has also given several academy players valuable minutes ahead of the new campaign.
Manchester United, meanwhile, returned to the Champions League after Michael Carrick guided the club to a top-three Premier League finish.
The arrivals of Andrey Santos, Youri Tielemans, Karl Darlow and Tynan Thompson have strengthened the squad.
Meanwhile, preseason victories over Rosenborg and Atletico Madrid have provided encouraging signs before friendlies against Paris Saint-Germain and AC Milan.
Both clubs are still exploring opportunities in the market and could now turn their attention to the same Premier League player.
According to CaughtOffside, Liverpool and Manchester United are monitoring Newcastle United forward Nick Woltemade after being alerted to his situation.
The report states that Newcastle have informed the 24-year-old he can leave on loan this summer.
Aston Villa, Atletico Madrid and Borussia Dortmund are also showing interest after previously tracking the Germany international.
Liverpool and United have not opened talks, but both clubs are keeping a close watch on developments.
Woltemade can operate as a striker or attacking midfielder, making him an attractive squad option.
Newcastle previously preferred a permanent sale worth around €65 million, although interested clubs are more likely to pursue a loan with an option to buy.
The report adds that Woltemade is not a priority target for either Liverpool or Manchester United at this stage.
However, both clubs remain on alert and could move if his situation changes before the transfer window closes.
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