Liverpool are ready to let veteran Thiago Alcantara leave the club this summer.

Amid interest in the Spaniard from Saudi Arabian clubs, the Reds are ready to cash in on the diminutive playmaker.

Per the Mail, after securing Dominik Szoboszlai, Thiago may be surplus to requirements.

The source adds that Liverpool are ready to rival Arsenal to sign Southampton midfielder Romeo Lavia.

The former Manchester City youngster is a hot property, despite the Saints' relegation to the Championship.

Thiago has experienced various injury issues over the past 12 months at Liverpool.