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Liverpool are reportedly prepared to sell striker Luis Suarez to Arsenal for £40million.

Reports today suggest the Emirates Stadium side will offer £40m for the 26-year-old Uruguayan, a portion of which will be tied into the amount of appearances he makes for the club but will not include a sell on clause. Arsenal boss is said to be readying an offer of around £150k a week which Luis Suarez is said to be ready to sign.

However, conflicting reports state Liverpool boss Brendan Rodgers is adamant they will not sell Suarez to Arsenal as they also brace themselves for a bid from Real Madrid who only value the Uruguayan at £25m.

Arsenal are also aware Napoli are ­interested in Higuain and if Real sell him to the Serie A club then it will give them cash to make a higher bid for Suarez.

Meanwhile, Rodgers has ruled out a loan move for Pepe Reina - claiming it's permanent or nothing.

"The latest was that there was an offer to take him on loan but that’s something that hasn’t been discussed any further," said Rodgers yesterday.

In other Liverpool FC transfer news, Fabio Borini has reiterated his commitment to the Reds and dismissed all talks of a move away from England in the coming season. His agent told the media that Lazio are interested in signing Borini but the striker is committed staying at Anfield.

Liverpool are hopeful of closing a loan deal for Valencia left-back Aly Cissokho and would pay an initial loan fee of around £850,000 with an agreement to pay a further £3.5million to buy the player outright next summer.

Liverpool are also reportedly aiming to convince Ajax to part with star midfielder Christian Eriksen after submitting an offer of €21m for the highly-rated playmaker.

Finally, Liverpool defensive midfielder Conor Coady has joined Sheffield United on a loan deal.