Liverpool have turned down a £30m bid from Arsenal for striker Luis Suarez.
Suarez has been at the centre of transfer speculation since saying in May that it would be a “good moment for a change”, and admitted it would be “difficult to say no” to Real Madrid.
The Spanish side had been expected to lead the pursuit of the 26-year-old Uruguayan.
Liverpool refused to comment on reports of Arsenal's move and have previously insisted Suarez is not for sale.
However, it is understood an approach was made and instantly rejected.
Chelsea have also been linked with a move for Suarez and it remains to be seen if Arsenal take their interest further as manager Arsene Wenger continues to finalise a deal for Real Madrid's Gonzalo Higuain. http://www.bbc.co.uk/sport/0/football/22802685
Real are expected to emerge as the most serious test of Liverpool's resolve not to sell Suarez unless they receive an offer in the region of the £50m which saw Fernando Torres move to Chelsea in January 2011.