Manchester City will make a third bid for Liverpool's 20-year-old England forward Raheem Sterling, reveals The Sunday Express.
Sources close to the Merseyside club have indicated that City won't drop their interest for the sake of another £10 million in a summer in which they are committed to bringing in top English talent.
And they are expected to submit a new bid which will satisfy Liverpool in the next few days.
Liverpool have apparently already earmarked the windfall from Sterling's imminent departure with a signing spree of their own.
They are ready to meet Southampton's £15 million valuation for England full-back Nathaniel Clyne and are closing in on Hoffenheim's Brazilian international midfielder Roberto Firmino, who would cost another £15 million.
Liverpool have also just completed the £3.5 million capture of Charlton's highly rated 18-year-old defender Joe Gomez.
Liverpool are also turning their attentions to Juventus striker Fernando Llorente and Sevilla's Carlos Bacca after refusing to meet the £32.5 million release fee to sign Christian Benteke from Aston Villa.
Today's Sunday Telegraph reveals that Llorente is expected to be made available by the Italian champions, who are reshaping their attack this summer and signing Atlético Madrid’s Mario Mandzukic, while Sevilla have insisted, so far, that Bacca is not for sale.
There is understood to be a €30 million (£21.4 million) release clause in Bacca's contract, which Sevilla say has to be met, while Juventus may try to hold out for as much as €20 million (£14.3 million) for Llorente, but will probably let him go for less.
Liverpool are determined to add to their strike-force and had targeted Benteke, having signed Danny Ings for a fee to be set by a tribunal but which could be £5 million to £7 million, although they will not bid anywhere near the Belgian international's buy-out clause.
As that interest has started to cool, possibly to see whether Villa lower their asking price, Liverpool are examining the possibility of signing either Llorente or Bacca.