Liverpool must pay £6 million to land Spanish starlet Sergio Canales, according to reports in his homeland.
The Real Madrid youngster rejected a move to Anfield in January, according to Spanish paper Sport, but it goes on to claim that the Reds will come back with another offer in the summer.
Canales has emerged as one of the hottest prospects in European football, with a transfer battle taking place last summer between a number of Barclays Premier League, La Liga and Serie 'A' sides for his signature.
Madrid won the chase for the Racing Santander star, paying an initial €4.5 million for the midfielder's services.
However, first team opportunities at Los Blancos have been limited for the 20-year-old playmaker, with reports emerging in the Spanish capital that the player has become frustrated under manager Jose Mourinho.
Liverpool is developing as a hot bed for young talent, with director of football Damien Comolli looking to invest heavily in youth players on Merseyside.
Kenny Dalglish is also keen to use the youngsters, with Raheem Sterling, Suso and Connor Coady all involved in first team activities at some stage this season with Liverpool despite their teenage years.
Sport goes on to claim that Madrid will allow the player to leave the club, if Liverpool meets their asking price of £6 million.
Dalglish has hinted at a number of squad changes in the summer, with an attacking midfielder thought to be high on the agenda for the Liverpool boss. Canales appears to be a player earmarked by the club, and a bid at the end of the season could be in the offing.
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