Liverpool tried to sign Aletico Madrid right-back Javier Manquillo during the January transfer window but as was the case with Ukranian star Yevhen Konoplyanka the deal collapsed late on deadline day, report in Spain claim.
The 19-year-old defender is considered one of the most promising right-backs in La Liga and although he has only made four appearances for Atletico this season is currently a regular for Spain's Under-21 side having already won the Under-19 European Championship in 2012
Liverpool boss Brendan Rodgers is a huge fan of the Spanish academy and Daily AS report that Anfield representatives and Atletico Madrid were negotiating a deal for the Spanish youngster until the very last minute of the January transfer window.
According to reports Liverpool launched a £8m bid to secure the services of the Spanish youngster but Atletico blocked his exit as Diego Simeone sees a bright future for the youngster at the club.
AS report that Atletico were willing to sell Manquillo for £8m but they asked Liverpool to include a buyback clause for the future, a term Liverpool would not accept which led to the collapse of the move.
Liverpool also tried to sign him on loan until the end of the season by offering more than £1m for the temporary switch but Atletico ruled out that possibility as Simeone was concerned over a lack of cover for first choice right back Juanfran.
Rodgers was looking to add a right-back to the squad as Glen Johnson missed six games during the first half of the season due to injury while youngster Jon Flanagan has so far failed to prove himself as an consistent option on the right hand side of defence.
Apart from Manquillo, Liverpool have also been linked with Barcelona's Martin Montoya, whose contract expires at the end of the season.