Liverpool must cough up big to sign PSV Eindhoven striker Ola Toivonen.
The Daily Mail says PSV Eindhoven's Sweden striker Toivonen will cost Liverpool at least £8million after being watched by them three times in the space of a week.
Hodgson sent his assistant Sammy Lee to PSV's 3-1 win at Heerenveen a week last Saturday before making a personal check on the 24-year old in Sweden's midweek 3-0 win over Scotland in Stockholm.
Having scored twice against Heerenveen and once on international duty, Toivonen turned on an even more impressive show for Liverpool scouts with a hat-trick in PSV's 6-0 rout of De Graafschap at the Philips Stadium on Saturday night.
Aware of Liverpool's interest in a player who has three years left on contract and is equally effective up front or as an attacking midfielder, PSV have indicated a willingness to sell but want more than the £5million Hodgson is ready to offer as an opening bid.
