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Bayern Munich 'set £27m price tag' for Liverpool target Thiago Alcantara but Bundesliga giants are yet to receive a formal offer for the Spanish midfielder

Bayern Munich have named their price for midfielder Thiago Alcantara as Liverpool look to negotiate a deal to land the Spaniard this summer.

The 29-year-old midfielder has been heavily linked with a move to the Premier League champions with his contract in Bavaria coming to an end in 2021.

And the Bundesliga giants have set the figure that will convince them to part ways with the influential midfielder, with German outlet Sport Bild reporting that they expect a minimum of €30m (£27m) for the star.

Bayern Munich have set a u00a327m price tag on influential midfielder Thiago Alcantara
The 29-year-old has one year left on his contract and is looking for a new challenge

Christian Falk, of the publication, adds that no formal offer has yet been submitted for the former Barcelona man.