Kenny Dalglish has stepped up his interest in Bolton defender Gary Cahill, according to widespread reports.
The Liverpool manager has turned his attention to Cahill, 25, after his approach for Stoke captain Ryan Shawcross was rebuffed.
"We have got no need to sell Ryan," Stoke manager Tony Pulis told the Daily Mail.
Dalglish will now move to formalise his interest in England international, Cahill by offering £10m plus striker David Ngog to Bolton, pipping Arsenal to the signing in the process.
The club have already spent over £100m since Dalglish took over in January, with Jordan Henderson, Charlie Adam, Stewart Downing, Alexander Doni and Jose Enrique arriving this summer but the Scot has refused to rule out more players arriving at Anfield before the end of the transfer window.
Asked if Liverpool's transfer business was over, Dalglish told ESPN: "I don't know. I cannot answer it honestly. I suppose it's a little bit like last year when I was asked, 'When are you signing the contract?' or 'Have you been asked to sign?' - until the transfer window shuts, the most honest answer I can give is 'I don't know.'"