According to The Times, Liverpool have rejected a £30m bid from Manchester City for England international forward Raheem Sterling.
Sterling, 20, is refusing to sign a new contract at Anfield, putting the Reds in a tricky situation given that they are desperate to keep their young forward.
The former QPR prodigy arrived at Liverpool in 2010, and has so far lived up to his billing as one of the finest young players in English football.
With 21 goals in the past two seasons, Sterling has impressed under Brendan Rodgers, and is seen as the next big thing for the England national team - hence Liverpool's desire to keep him at the club despite the player's wishes to leave Merseyside.
Tonight, The Times report that Liverpool have received the first bid for Sterling as we begin the summer transfer window - and it has arrived from Manchester City.
The offer is believed to be worth up to £30m, with £25m up front and £5m in add-ons - but Liverpool have rejected the offer, whilst setting a whopping £50m price tag on the forward's head.
Whether City return with a second bid closer to Liverpool's valuation remains to be seen, but Sterling's future is likely to dominate the conversation over the summer months.