Real Madrid have decided not to pursue their interest in Steven Gerrard after claiming the Liverpool captain is too old to warrant a substantial transfer fee.
New Real manager Jose Mourinho is a long-term fan of the midfielder - having attempted to secure his signature after Liverpool's 2005 Champions League triumph while the Portuguese was boss of Chelsea. Gerrard ultimately decided to stay at Anfield, but Mourinho was reportedly keen to bring him to the Bernabeu.
However, the Spanish club say they were put off a move for the England man after the Reds told them they must stump up in excess of £50 million. Los Blancos transfer consultant Ernesto Bronzetti told GR Parlamento:
"Kaka will stay at Real, but the president does not agree with Gerrard because he is 30 and Perez doesn't want to know. Plus Liverpool asked for €70m (£58m)."
The news is sure to come as a relief to new Liverpool manager Roy Hodgson, who is desperate to keep hold of his star turns - but, with the north west club under financial constraints, a mega offer from Real could have tempted them to part with their inspirational skipper.