Liverpool are ready to go toe to toe with Manchester United for Benfica midfielder Nicolas Gaitan, according to Portuguese newspaper Record.

Gaitan has been heavily linked with Manchester United for some time now, and while he remains on the radar of the Old Trafford club, their interest has cooled sufficiently to give Liverpool hope they can land their man.

Negotiations with Manchester United have been on-going for some time; however the stalemate in talks has opened up room for Liverpool to pounce.

Record report that Benfica are willing to consider offers for Gaitan in order to secure their financial future, with Liverpool ready to offer £18 million for the Argentinian maestro.

The 24-year-old, who impressed against Chelsea and Manchester United in the Champions League last season, has a release clause of around €45 million written into his contract, however the financial instability of Benfica means a deal could potentially be done at a much lower price.

News of Liverpool’s impending approach may serve to revive Manchester United’s interest in Gaitan, who, according to Record, are still keeping an eye on developments.

Liverpool are looking to re-shape their squad following the arrival of new manager Brendan Rodgers, who had a bid turned down for Swansea’s Joe Allen last week.

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