Roy Hodgson will be handed an initial £12 million transfer kitty when he takes charge of Liverpool.

The Mirror says Hodgson has spoken to his Fulham board, and conceded that he would find the offer to manage at Liverpool too hard to turn down, despite his affection for the Craven Cottage outfit.

Liverpool will offer a minimum of £12million in cash to spend on new players, plus all money raised from sale of players the new boss deems surplus to requirements.

Liverpool are determined though, not to let any players leave until the new manager is in place, to allow him the chance to decide if he wants to keep them.