Liverpool have reached an agreement with Thomas Lemar but will not meet Monaco’s £90million asking price, according to reports.
The French international is a long-term target for the Reds and Arsenal, who failed with a last-ditch bid over the summer.
And Yahoo claim Lemar, 22, has already agreed the outline of a deal with Anfield chiefs.
The sticking point is Monaco demanding a huge fee after losing a number of talents in the last window.
They are prepared to sell any player but are tough negotiators and will command a premium.
Monaco boss Leonardo Jardim said: “Today, the market is open. You know how crazy the market is.
“Things happen that even a club like Monaco cannot say no to.
“It happened to Liverpool [with Coutinho].
“The numbers today are incredibly big. Everything can change.
“The things I can say today are not true tomorrow. In the last two transfer windows, last summer and this winter, the numbers have gone up enormously.
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“I still want to keep Lemar. If I stay here for 10 years I want Lemar to stay with me for 10 years.
“He is young, he can still play for 10 years. He has a lot of qualities, I like him a lot.”