Valencia president Amadeo Salvo has revealed the club have received offers for Dani Parejo, with reports in Spain claiming that Liverpool and Atletico Madrid are battling for his services.

The 24-year-old is proving to be a sensation in La Liga this season. He has grabbed five assists and scored four goals in 26 starting appearances, including one against Barcelona and another against Real Madrid in their 2-2 draw last weekend.

And his versatility in both creative and defensive roles has caught the eye of a number of big European clubs, including Atletico and Liverpool.

The Valencia president recently revealed that the club have received an offer for the Spaniard, but has warned Parejo's suitors they must make a bid that meets release clause, understood to be in the region of £20.5m.

"We have received several offers for Parejo but while I am the president Valencia will not sell him unless any club meet his release clause."

However, according to Valencia-based newspaper Super Deporte the Reds will have to fight with Atletico for his signature as Diego Simeone has identified him as their priority summer target.

The former under-21 Spanish international has a contract at the Mestalla stadium until June 2016 but the Spanish club are still faced with a complicated economical situation, having already been forced to sell other stars in January as they did last summer when Tottenham met Roberto Soldado's release clause.

Parejo used to be considered one of the most gifted Real Madrid academy products and although he failed to establish himself at the Santiago Bernabeu – having also spent half a season on loan at Queens Park Rangers - he is still considered one of the most talented players in La Liga.

Brendan Rodgers is desperately trying to bolster his squad to compete in the next Champions League next season and Parejo is reportedly one of his main targets, while his chief scout Barry Hunter has been spotted at Mestalla a number of times this season.