Manchester City have made an improved offer in the region of £40m (plus add-ons) for Liverpool winger Raheem Sterling.
Liverpool are understood to be holding out for a £50m fee for the England international, who scored seven goals in 35 matches last season.
They turned down a £25m plus add-ons fee from the Etihad stadium outfit last week. Arsenal and Real Madrid are the other teams who have been linked with the forward.
Should Liverpool accept the offer, the 20-year-old would become the most expensive British player. Andy Carrol’s £35m transfer from Newcastle United to Liverpool in January 2011 currently stands as the most expensive pay for an English player.
Liverpool wants to keep Sterling until the end of his contract, which expires in 2017.
Sterling, who arrived in Merseyside from QPR in 2010, has rejected a £100,000-a-week Liverpool deal.