Liverpool has to be on the lookout after Juventus had to lower their asking price for the 26-year-old.

He was previously valued at more than £50million, but Liverpool can now strike a deal for just €25m (£21m).

Liverpool transfers: Federico Chiesa, Alan Varela eyed

Juve would rather sell Chiesa for that cut-price fee than risk him leaving on a free transfer next summer.

Liverpool saving big money in their swoop for the Italy ace will help them in their bid to improve the midfield, too.

Over the weekend, it emerged that Liverpool had opened talks with Porto over the the 22 years  old player

According to journalist Eduardo Burgos, who specialises in South American football, Liverpool chiefs Michael Edwards and Richard Hughes have ‘intensified’ their interest in Varela.

The Argentina U23 international, who can play as a No 6 or as a No 8, has also been linked with Arsenal and Newcastle United.

But Liverpool hope to beat their Premier League rivals to the punch by forging an agreement for Varela first.

Varela’s Porto contract includes a big release clause worth €70m (£60m), setting up the possibility of Liverpool signing him and Chiesa in a double swoop worth £81m.

Although, Edwards and Hughes will try to convince Porto on reducing their price tag for Varela.