Liverpool have rejected an offer from Arsenal of £40m - plus a pound - for striker Luis Suarez, it has been reported.
The bid of £40,000,001 was designed to trigger a clause in the player's contract which means that the club have to inform Suarez of the offer - but it does not trigger a buy-out clause.
The footballer's agent Pere Guardiola has reportedly told Liverpool the player wants to play in the Champions League but will not try to force through a move.
On Monday, Liverpool manager Brendan Rodgers said he "very much" expects the star man to be with the club come the start of the season.
"Unless there's any sort of offer that comes in that's anywhere near his value, there's nothing to consider, he added.