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Liverpool may have to lower their asking price for Simon Mignolet or sanction a loan move for the Belgium international.

The Reds have sought a fee of around £12million for the 30-year-old shot-stopper but no club has come close to meeting that valuation.

Securing a permanent transfer has so far proved difficult for Mignolet, whose five-year stay at Anfield is effectively over.

As things stand he will be reporting back to Melwood on Sunday to start his pre-season with the Reds.

Besiktas are one of a number of clubs keen to secure his services but they favour a season-long loan. Despite speculation about interest from Barcelona, the player's representatives have had no contact with the Catalan outfit.

Mignolet lost his No 1 status to Loris Karius back in January and accepted that he needed to move on this summer in order to secure regular first-team football.

He is surplus to requirements following Liverpool's world-record £65million signing of Alisson Becker. The Reds have already sold Danny Ward to Leicester City for £12.5million and had hoped the sale of Mignolet would generate a similar fee.

The former Sunderland shot-stopper still has three years to run on a lucrative contract with the Reds having been given a lengthy extension in 2016.

Liverpool now face the prospect of having to lower their asking price, sanction a loan or keep Mignolet as back-up for the 2018/19 campaign.