Liverpool and Manchester City target Gaston Ramirez has begun talks over a transfer to an “important foreign club”, according to his club.

The Anfield club have reportedly been tracking the Uruguay international for some time, while Citizens manager Roberto Mancini has publicly stated his admiration for the player.

Now Bologna general manager, Roberto Zanzi, has revealed the club are in talks over a possible transfer, but insisted there had been no agreement and that the Serie A side were waiting for a better offer.

New Reds manager Brendan Rodgers has not had long to get a list of transfer targets together, but reports suggest Ramirez has been a long-term target for the Merseyside club.

“We are negotiating with an important foreign club for Ramirez,” Zanzi said to Italian newspaper Il Resto del Carlino.

“But their offer does not satisfy us. The deal is by no means close to completion.”

The 21-year-old has only been at Bologna for two seasons since joining from Penarol in his homeland, but the Italians have already placed a £20million price tag on him.

Should he join Liverpool, Ramirez would line up next to international teammates Luis Suarez and Sebastian Coates.

Mancini openly admitted his admiration for the skilful midfielder in the past: "Ramirez is a good young player, with great potential."

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