Bayern Munich made an initial approach of £21 million plus £4 million in add-ons for Sadio Mane, which Liverpool turned down.
This summer, Mane has been heavily linked with a move away from Anfield.
Bayern Munich has been touted as the Senegalese’s future destination with only one year left on his present contract.
Liverpool has reportedly turned down a £21 million bid from the Bundesliga champions for the attacker, according to The Times.
The offer was reportedly received last week and contained a further £4 million in add-ons if Bayern won the Champions League in the future.
Liverpool turned down the offer because they believe Mane, who has won every possible trophy with the Reds, is worth more, but they haven’t set a price for him.