Manchester United and Liverpool have been told they must meet Ivan Rakitic's £33 million release clause if they are to sign the midfielder in January, reports The Express.
The Croatian star, who has been in sensational form for La Liga outfit Sevilla this season, has been linked with a move to the Premier League in recent time.
And with the midfielder admitting that he's become frustrated at the lack of silverware at the club, the race is expected to heat up for him in January.
However, Sevilla club president Jose Castro believes the club will be able to keep their prize asset at the club, but Castro has admitted that Rakitic will be sold if his £33m release clause is met.
Speaking at a Sevilla Supporters' Club meeting, Castro said: "Ivan Rakitic has a year and a half of his contract remaining. I have absolutely no doubts that we're going to reach an agreement with him.
"If anyone else is in a rush to have Rakitic, his clause is €40m (£33m) and we'll leave it at that."
Manchester United and Liverpool could both make a move for the midfield ace in January, however it remains to be seen whether the two clubs are willing to pay the star's buyout clause.
If either Manchester United or Liverpool do sign the star, it's expected that he would represent their only signing of the upcoming transfer window.