Arsenal and Manchester United in race to sign three-time Champions League winner

Arsenal and Manchester United are ready to battle it out for the signature of former Barcelona goalkeeper Victor Valdes, after his potential move to Monaco fell through, Daily Star reports.

The Spanish keeper left the Catalan club at the end of the previous season and has been linked with a move to France, but failed a medical due to his injury to his anterior cruciate knee ligaments.

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Louis van Gaal is keeping an eye on the goalkeeper with the hopes of giving current United number one David de Gea some extra competition within his squad.

On the other hand, Arsene Wenger is also looking for someone to challenge Wojciech Szczesny, as well as a replacement for Lukasz Fabianski, who left the Gunners the end of the previous campaign.

Valdes revealed his intentions to leave the Catalan club after a very successful career at the Camp Nou, winning the Champions League on three occasions and the Spanish La Liga a further six times.