Liverpool have reportedly been warned that they must launch a bid exceeding £30m to secure Dani Parejo's services, as Valencia are unwilling to negotiate a deal below his release clause.
After a struggling in the early stages of the season Parejo has become Valencia's pivotal player following Juan Antonio Pizzi's appointment following the departure of former boss Miroslav Djuckic.
The 24-year-old has scored two goals and grabbed three assists in 16 starting appearances in La Liga while excelling under his new manager.
According to Valencia based-newspaper Super Deporte, Brendan Rodgers has earmarked Parejo as one of his main summer transfer targets and recently the Reds boss sent his chief scout Barry Hunter to Spain to watch him closely during Valencia's 2-1 victory over Granada.
Super Deporte claim that Liverpool have already approached Valencia to enquire about a possible summer sale but the Spanish side's response has been clear: "Parejo is not on sale".
If Liverpool want to secure his services they will have to be prepared to meet his release clause, understood to be in the region of £30m.
Parejo's versatility in both creative and defensive roles has caught the eyes of Rodgers, who sees him as a perfect alternative for all of his midfield options of Steven Gerrard, Jordan Henderson, Joe Allen and even Lucas Leiva.
The talented midfielder used to be considered one of the most gifted Real Madrid's academy products and although he failed to establish himself at the Santiago Bernabeu his reputation in La Liga remains high.
Another crucial point in Rodgers' desire to bring him to Anfield is that Parejo already knows English football, having spent a short spell at Queens Park Rangers during the 2008-2009 season, playing 18 games for the London side.
Rodgers is desperately trying to bolster his midfield, especially after Lucas Leiva's injury's left him short of options during the turn of the year and according toreports Liverpool are also monitoring Sevilla star Ivan Rakitic.