Liverpool are demanding £8 million for midfielder Jonjo Shelvey.
The Daily Mail says Swansea want to sign Shelvey but will have to pay at least £5m to complete the deal.
Talks about a move to Wales for the England U21 midfielder have opened between the clubs after Norwich also showed interest.
Liverpool have indicated they want up to £8m for the 21-year-old but may compromise on the initial fee with add-ons to follow.