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Real Madrid plan swap offer for Liverpool's Xabi

Real Madrid want to set up a swap deal for Liverpool midfielder Xabi Alonso.

Sport says Real intend to use their buy-back option for Almeria striker Alvaro Negredo in order to offer him to Liverpool in part-exchange for Xabi.

Liverpool boss Rafa Benitez is keen on Negredo and will demand £18 million for Xabi should Real come knocking.

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