Liverpool are being linked with a move for Spanish starlet Sergio Canales.
The Real Madrid youngster is one of the players reportedly set for a Santiago Bernabeu exit, with Liverpool boss Kenny Dalglish one of the managers keen to snap up the 20-year-old.
Florentino Perez, president of Los Blancos, is set to offload seven players this summer in an effort to create transfer funds for Jose Mourinho, according to Spanish publication. Canales is one of those set for an exit, according to the report.
Liverpool were thought to be in the race to sign the player last summer, but Canales decided to stay in his homeland and moved from Racing Santander to Madrid for €4.5 million plus clauses.
However, opportunities have been limited in the Spanish capital, and despite the player's young years he's thought to have grown frustrated by a lack of opportunities.
Sport.co.uk claim the player is now available for a fee in the region of €12 million, with Liverpool stated as one of the teams interested in bringing the player to the Barclays Premier League.
Arsenal are also thought to be interested in the player, and the Gunners were also linked with a move back in the summer.
Arsene Wenger is known for getting the best out of young talent at the Emirates, and would be keen to add the talented attacking midfielder to his Arsenal ranks.
Fran Merida, Cesc Fabregas and Ignasi Miquel are three examples of young Spaniards who have moved to Arsenal at a young age, with success at some levels for the trio in north London.
Liverpool will fight for the talent though, and showed in January that they have transfer money to spend thanks to the investment of new owners NESV.
Dalglish has hinted that he will spend again at the end of the season, and Canales fits the bill of young, attacking talent set out by the club's new board. A summer bid could be in the offing.