Liverpool have been told by Crystal Palace boss Alan Pardew that they will have to pay a fee of around £40m - £60m if they want to sign winger Yannick Bolasie this summer.

According to the Telegraph, Brendan Rodgers has identified the DR Congo winger as a potential summer target and was willing to shell out £10m to bring the player to Anfield.

But the report claims that the Eagles were not willing to do business at that price, and this prompted Rodgers to offer striker Rickie Lambert as part of a player-plus-cash deal to convince the Palace hierarchy to sell.

However, Pardew has shocked everyone by valuing the Palace winger between £40 and £60m and believes that there are more players in his squad, who are undervalued.

The former Newcastle United manager has made it clear that interested clubs will have to call him and he will communicate the price of the player they want to buy. He admits that every player has a price and if a club is willing to match his valuation, then he will sell the player and use the money to buy more suitable players for his team.

"I'll sell Yannick, if someone wants to give me £40m to £60m, somewhere in there, that would be good. I'll take it and we'll build the team around that money. Every player has a price, of course. All these players here are undervalued, in my opinion," Pardew said, as quoted by the Guardian.

"This is a top-10 team at the moment, top 12, yet if you put the valuation of our squad against any of the other teams above us, and some below, it's not right. So I'm going to address that. Anyone who rings me up will get a proper price."

"It's only our second year in the Premier League, so it's understandable if players are undervalued. You need to put your credentials there every week. I think these players are starting to do that now – Bolasie, Jason Puncheon, Joel Ward, Damien Delaney," the Palace boss added.

"Therefore when I hear figures being talked about players, they are not even close to where I value these players. It's very easy to address: a manager has to ring me up and I will tell him the price and that will be addressed," he explained.