Shakhtar have slapped a £25.5m valuation on his head, but on Wednesday, chief executive Sergei Palkin reluctantly revealed the player DOES have the option of leaving for less... if he is prepared to break his current deal.
"Mkhitaryan doesn't have a release clause in his contract, but it does spell out the penalties for unilateral termination of the contract, which is equal to $30m (£19.8m)," the British-trained accountant explained.
"If Mkhitaryan wants to terminate the contract, he must pay Shakhtar $30m and go to a club that he likes. If we go in a civilized manner and sell the player, and in doing so he does not break the contract, the value we place on him is 30million euros (£25.5m)."
Liverpool boss Brendan Rodgers remains keen to do a deal for the goal-scoring midfielder, though it is clear the Reds are reluctant to pay more than the £20m outlined in Mkhitaryan's contract.