It had been claimed on Thursday evening that the Reds had agreed to pay £18.6million for the Argentina international who has been on loan at Anfield for a year.
But a statement on the club´s official website said: "Contrary to reports elsewhere, the deal to complete Javier Mascherano´s permanent move to Liverpool has yet to be finalised."
Copyright (c) PA Sport 2008, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms