Moreno, 26, will be out of contract at the end of the season and the Spanish worldwide left-back has been linked with a free transfer move to North London.
The Spanish left-back has fallen out of favour at Anfield and is in the final year of his contract at the club.
Arsenal manager, Unai Emery, is an admirer of the defender, having worked closely with him previously at Sevilla.More news: Halloween revival with Jamie Lee Curtis kills it at the box office
Talks over a new contract between Alberto Moreno and Liverpool are yet to restart as the left-back continues to assess his options, sources have told ESPN FC.
Moreno has made just one appearance for Liverpool so far this season, starting their EFL Cup defeat to Chelsea back in September.
If the Liverpool left-back moves to Arsenal, Sead Kolasinac will surely be dropped from the Gunners first eleven.
However, sources have said these are yet to take place, and Moreno is now weighing up his options as he desires regular game-time at the age of 26.More news: Canada Post hit by rotating strikes in Victoria, Edmonton, Windsor and Halifax
After losing their opening two league matches under Emery, the team has rallied and look to be adapting to the former Paris St-Germain boss and his methods.
The duo are in contention to start against the Terriers who are yet to win in the Premier League this term.
"Don't believe everything you read - I expect that most of his players will be on the grass on Saturday".More news: People's Vote march: Hundreds of thousands attend London protest