There are reports that Bayern Munich has slashed their asking price for Thiago Alcantara from £36million to £27m with Liverpool set to sign the midfielder.

Bild claim the Bundesliga champions have slashed the price of the in-demand Spaniard.

Earlier this month, it was claimed Liverpool had agreed personal terms with Thiago, 29, with the only stumbling block appearing to be the fee.

The Reds – who opted against making a move for Timo Werner over his sky-high valuation – had hoped to pay just £27m up front.