Luis Suarez
Luis SuarezReuters

Contrary to reports in the British media, Barcelona will not be paying £70m cash for the signature of Liverpool's Luis Suarez, according to a report in the Spanish media.

After the two clubs held a productive meeting on Wednesday in London, several reports in England had claimed the Catalan side had more or less agreed to pay the Reds the cash sum for the Uruguayan international.

However, Catalan newspaper Mundo Deportivo, explained the figure only refers to the Uruguayan's release clause agreed should he go to a club outside the Premier League, a sum Liverpool have now asked Barca to cover – not what Barca are prepared to pay.

Liverpool's original strategy was based on getting as much as possible for the striker but since the striker told his Anfield bosses he wanted to leave Anfield this summer – and considering his four-month ban and the fallout from biting Giorgio Chiellini – it seems the Reds will now have to reduce their asking price.

The report claims that Barca are, however, willing to pay up to £48m (€60m) which, when weighed up with money from Alexis Sanchez's expected departure – not expected to be to Liverpool though -- is still a strong investment.

Even though the Reds are interested in signing Sanchez and Barcelona are willing to include their Chilean forward to acquire Suarez's services, it is Sanchez himself who is unwilling to join Brendan Rodgers' side.

Sanchez is keen on making a switch to the Premier League but has set his sights on signing for Arsenal. His decision to snub Liverpool could make it difficult for Barcelona to land their top transfer target.