Fabio Coentrao has given up on Barclays Premier League clubs following up their interest in him and is on the verge of joining Bayern Munich according to the Daily Mail.
The 23-year-old Portuguese international who currently plays for Benfica, recently expressed his desire to end Liverpool's search for a left-back replacement by moving to Anfield in a multi-million-pound summer deal.
Coentrao has also attracted interest from Manchester United and Chelsea, but so far any offer has not been forthcoming. And the player is growing increasingly frustrated at a lack of progress.
Sir Alex Ferguson's interest was said to have stemmed from the possibility that Patrice Evra was considering his Old Trafford future, but now that the Red Devil has signed a new deal, it is unlikely that Fergie will follow up his enquiry.
Carlo Ancelotti is also rumoured to have earmarked Coentrao as a potential summer acquisition at Stamford Bridge, and was keen for recent signing and former Benfica teammate David Luiz to help try and convince him to join the Blues regime.
Chelsea owner Roman Abramovich wants to orchestrate a complete overhaul of the Blues squad and has targeted a number of rising stars of the future.
The £20million valuation placed on Coentrao’s head has risen considerably amidst increased interest from a number of different parties, but the inflated figure remains a stumbling block for Bayern.
That could pave the way for Chelsea, or Liverpool to make a move if they wish to renew their interest in the summer, with Kenny Dalglish having already been given the green light by the Reds' Director of Football Damien Comolli to engineer an Anfield deal.
The Bundesliga giants have drawn up a lucrative five-year deal to entice Conetrao from Lisbon, so Liverpool and Chelsea will need to move quickly if they are serious about signing the rising Portuguese star.
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