Brendan Rodgers may look at other targets after the Liverpool boss refused to meet Sevilla's £18m asking price for Alberto Moreno amid speculation that the player could be heading to Tottenham instead.
The Spain international was reportedly close to finalising a move to Anfield but the Daily Mirror claims that Liverpool have not even agreed a fee with Sevilla yet.
And the deal could be close to collapse as Rodgers is ready to pull the plug and look at other transfer targets after Sevilla offered Moreno to Spurs.
Rodgers does not want to be drawn into a bidding war for the 21-year-old left-back, who had been earmarked as Liverpool's future answer at the position. And he felt Sevilla were trying to artificially inflate Moreno's price by offering him to other Premier League clubs, including Tottenham.
Liverpool played Jon Flanagan for large parts of last season as loan signing Aly Cissokho struggled with form and fitness. He has been allowed to return to Valencia without Liverpool triggering his buyout clause.
And it was thought that Liverpool would wrap up a deal for Moreno early in the summer window, especially after the youngster did not make Spain's final 23-man squad for the World Cup.
Liverpool and Sevilla have reportedly been in discussions for the past 14 days, and were even given the opportunity to discuss personal terms with Moreno.
But the two clubs are still some way apart when it comes to agreeing a fee after Sevilla tried to get Spurs involved. The Daily Mirror adds that Liverpool and Sevilla are still at the negotiating table and hope a deal can be reached.