Liverpool's free transfer option will now cost €20 million

Liverpool target Martin Montoya will become an expensive option for the Reds should they seek to buy him in the future.

It appears Liverpool have missed the boat regarding full-back Martin Montoya, who is on the verge of agreeing a new deal with Barcelona.

The BBC report that the Spaniard will put pen to paper on a new contract this Friday, taking him up until 2018.

The right-back had been available on a free transfer this summer as his current deal was set to expire in June.

The Mirror claimed in November that Liverpool managing director Ian Ayre had flown to Spain to attempt to seal a deal for Montoya, with suggestions the club could even pay a small fee to bring him in during January.

While the exact upshot of those negotiations was never divulged, injuries to Dani Alves provided Montoya with increased first team chances and gave him the opportunity to show his worth at the Camp Nou.

A price has seemingly been set on that value, with the BBC reporting that a buyout clause in Montoya's new contract will be set at €20 million.

It's clearly unlikely then he will be on the move this summer or in the immediate future, but should Liverpool elect to re-ignite their interest in him between now and 2018, that is the steep price they would have to pay for the Spaniard.

Montoya was said to be leaning towards a new deal at Barcelona for the last month so the agreement is no surprise, and it further clarifies Liverpool's right-back situation. Brendan Rodgers spoke earlier this week of his keenness to secure an extension on Glen Johnson's contract, with his deal set to expire next summer.

Who knows, the news Montoya is nearing a new deal in Spain may just have nudged the Reds back towards renewing with Johnson.

FIFA World Cup 2018FIFA 2018 World Cup Russia - click here for all of our coverage...

Register for LIVERPOOL team updates

Register for HITC Sport - Daily Dispatch