Wilfried Bony scored 25 goals in all competitions last term for Swansea who reportedly value the Ivory Coast international around £19 million.
Liverpool are understood to have been hopeful of negotiating with the Swans following their £75 million income from the sale of Luis Suarez to Barcelona.
However, Swansea attacker Michu has now completed a loan move to Serie A giants Napoli with Rafael Benitez’ side understood to have the option to make the move permanent down the line.
This could scupper the Reds’ hopes of signing 25-year-old Bony as the Welsh outfit will be even more reluctant now to allow one of their star attacking talents leave the Liberty Stadium this summer.
Swansea only signed Bony 12 months ago from Vitesse in a deal worth £12 million but given that his contract runs until 2017 they will feel under no pressure whatsoever to sell him any time soon.
Liverpool, meanwhile, remain in the market for another forward to come in to replace Suarez and are linked with a mouth-watering bid to sign Colombia striker Radamel Falcao from Monaco as well as QPR and France international Loic Remy.
It is yet unclear who will be coming in at Anfield but the fact that Liverpool have £75 million in the bank to spend could likely make clubs more calculating in their dealings over transfers with the Reds this summer.
£19 million, in comparison, is reasonable but the Swans may not be willing to come down on their valuation, especially now that their other most notable attacking force has gone out on loan.]