Liverpool are trying to beat Tottenham to the signing of the Porto winger Luis Díaz and have made an initial offer of about £37.5m. Their bid includes easily achievable add-ons of about another £15m and a further £4m or so in bonuses less likely to be paid.
Díaz, a Colombia international with 31 caps, is one of the most exciting talents in Europe and has scored 14 goals in 18 league games this season. Porto rejected a £37.6m offer from Spurs this week for a player who has a £66m release clause.