Liverpool have rejected a £58.6m opening offer from Bayern Munich for forward Luis Diaz.
The German club approached Liverpool earlier this month but were told Diaz was not for sale.
That position was reinforced on Tuesday as Liverpool turned down the Bundesliga side's first bid for the 28-year-old Colombia international.
Liverpool value Diaz, whose contract expires in the summer of 2027, in excess of £87m as one of Europe's most prominent attackers.
Reds manager Arne Slot views Diaz as a key member of his squad who he does not want to lose.