Newcastle manager Alan Pardew has warned Liverpool FC will need to take a big financial hit if they want to sell Andy Carroll.
The striker's future has been up in the air since the arrival of new Reds manager Brendan Rodgers.
Newcastle only want to re-sign Carroll for a fraction of the £35m they sold him for last year.
Meanwhile Liverpool have opened negotiations with Swansea over a deal for midfielder Joe Allen, but their opening bid has been rejected.
British light-middleweight Brian Rose took a step towards elite level with a battling 12th-round stoppage of Joachim Alcine in Blackpool
Tyson Fury recovered from a knockdown to knock out Steve Cunningham in the seventh round of their heavyweight clash at Madison Square Garden
Brendan Rodgers marks his 50th match as Liverpool manager knowing his work in returning the club to Europe's elite has barely started.