Swansea boss Brendan Rodgers appears to be edging closer to filling Liverpool's managerial vacancy but reports he has agreed a three-year deal have been dismissed as premature.
The 39-year-old emerged yesterday as the first choice to succeed Kenny Dalglish, having moved ahead of Wigan boss Roberto Martinez.
Reports began circulating late this afternoon that a three-year deal had been agreed, although the Press Association says it was told by sources at Liverpool this was "categorically untrue".
The Reds will have to pay somewhere in the region of between £4million to £5million in compensation as part of the new contract Rodgers signed at the Liberty Stadium in February.
Michael Laudrup has been officially unveiled as Swansea City's new manager at a press conference this afternoon.
Former Denmark international Michael Laudrup has been appointed the new manager of Swansea City following Brendan Rodgers' departure.
Brendan Rodgers' time with Swansea City has come to an end as he is officially confirmed as the new Liverpool manager.