Atletico Madrid have tried and failed to sign Barcelona winger Pedro, as per Spanish news outlet AS.
Reports suggest that the Spanish capital club want to make two big-name signings this summer and one of their intended targets was Pedro, who slipped down the pecking order at Barcelona last season following the arrival of Luis Suarez from Liverpool.
Atletico boss Diego Simeone reportedly gave the club permission to move for the Barcelona winger, but the Spain international does not want to move to the Calderon, probably due to the rivalry that exists between the two La Liga clubs.
Nonetheless, the player is still expected to seek a move away from the Nou Camp, with sources in Spain revealing on Saturday that Liverpool have enquired about his availability.
According to the Liverpool Echo, Reds manager Brendan Rodgers has identified the 27-year-old midfielder as the man to replace Raheem Sterling at Anfield.
The England international is refusing to sign a new deal with the club and despite Manchester City having two bids rejected for him so far this summer, he is expected to leave the club before the start of next season.
News surrounding Atletico's rejected is approach will provide a huge boost to Liverpool's hopes of signing Pedro. Previously, the 2013/14 La Liga champions would have been considered firm competition for the Reds in their attempts to secure his services.
Pedro, who made just 15 starts in La Liga last season, could prove an upgrade to Sterling at Anfield - especially when based on the statistics. Despite a lack of game-time last term, he scored six goals and created 25 chances as the Catalan club stormed to Champions League success.