Liverpool is on the verge of bidding for Peruvian winger Juan Manuel Vargas, according to reports in Italy.
Corriere dello Sport claims the Reds are willing to pay as much as €20 million for the Fiorentina winger, who has been linked with an Anfield switch in the past and was rumoured to be subject of a bid in Janiuary.
Liverpool director of football Damien Comolli is a known admirer of the player, whose versatility has seen him play at both full back and central midfield for both club and country.
Vargas moved to the Viola back in 2008, with the Serie 'A' side beating Real Madrid to the €12 million signature. His stock has continued to rise at the Stadio Artemio Franchi, and now a number of clubs across Europe are believed to be interested in the player's services.
Kenny Dalglish's Liverpool side is thought to be leading the race, although Manchester City is also thought to have been tracking the player for several months now.
Whilst the Merseysiders can't match the financial power of City, manager Dalglish has been promised transfer funds by Liverpool owners Fenway Sports Group.
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