Liverpool will not consider joining an auction for Borussia Dortmund midfielder Jude Bellingham.
Dortmund are prepared to sell Bellingham this summer and are hoping for an auction to raise a price of at least 150m.
And with the money involved, Liverpool have let it be known they won't be in for the England midfielder.
The Times says Liverpool are no longer in the running to sign Bellingham. They want to avoid being drawn into a long drawn-out saga, with Dortmund happy to play hardball.
PSG and Real Madrid are keen on the midfielder, as is Manchester City and Manchester United.