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Midfielder Jonjo Shelvey could leave Liverpool in the next 24 hours after both Swansea City and Crystal Palace tabled bids of around £5million.

The 21-year-old midfielder is weighing up his options after being informed he is surplus to requirements at Anfield.

The Reds are happy to sell to either Swansea or Palace and once Shelvey has made his decision he will be given the green light to discuss personal terms and undergo a medical.

Both clubs had initially hoped to take Shelvey on a season-long loan but with Liverpool only interested in a permanent deal they have made decisive moves to secure his services.

Michael Laudrup's League Cup winners can offer the prospect of Europa League football at the Liberty Stadium, while Palace hope Shelvey will jump at the chance to be reunited with boss Ian Holloway in the capital.

Shelvey, who grew up in East London, shone under the guidance of Holloway during a three-month loan spell at Blackpool in 2011.

The ECHO understands the youngster's major motivation is to secure regular first-team action after growing increasingly frustrated at Anfield in the second half of last season.

He made 18 starts for the Reds in all competitions last term but just three came following the turn of the year as he dropped down the pecking order in Brendan Rodgers' squad.

The summer signings of Iago Aspas and Luis Alberto – coupled with the absence of Europe in 2013/14 - would further limit Shelvey's opportunities at Liverpool, meaning he has little option but to move on in order to further his career.

His departure will boost Rodgers' transfer kitty as the club look to secure deals for Shakhtar Donetsk’s Henrikh Mkhitaryan and Sporting Lisbon's Tiago Ilori. Both transfers are still some way from completion as negotiations continue.

Shelvey cost Liverpool £1.7million when he arrived from Charlton Athletic in the summer of 2010.

He made 21 appearances during his first season with the Reds and added another 16 under Kenny Dalglish in 2011/12.

A year ago he signed a new long-term contract and made a fine start to the campaign, which was marred by a red card against Manchester United.

His performances were rewarded with a first full England cap against San Marino last October but he failed to push on and slipped out of favour at Anfield.