Real Madrid have made a new offer for Liverpool fullback Alvaro Arbeloa.

The Mirror says Real Madrid are trying to sign Arbeloa on the cheap after making a cut-price £5million offer.

The Spanish giants have splashed out over £140m this summer on Kaka and Cristiano Ronaldo but are trying to drive a hard bargain over Arbeloa because they know the Spanish full-back is desperate to join them.