Liverpool lost out to Sunderland in the race for Ipswich Town striker Connor Wickham due to their overloaded wage bill.

Anfield boss Kenny Dalglish was keen on Ipswich's England Under-21 striker, and was contemplating an 11th hour move to thwart Sunderland in the chase for the youngster.

But Sunderland and manager Steve Bruce were the winners, snapping up the coveted 18-year-old in a £13million deal.

Sunderland's bold bid for Wickham came at a bad time for Liverpool, with the owners wanting some of their fringe players being offloaded before new signings are made.

 It's kicking off again! Click here for your No1 source for Liverpool transfer market news and gossip.