Newcastle United will have to pay £10m for Liverpool winger Sheyi Ojo.

Liverpool have presented the Magpies with the ultimatum, but have allowed Fulham, Derby and Middlesbrough to have the option of taking the 20-year old on loan.

The decision, according to the Sun, came after United angered the Reds hierarchy by pulling out of a verbal agreement for Ojo last week.

Ojo, who made just three appearances for Liverpool last season, will have a chance to speak with the Championship clubs about the possible loan move.