Liverpool are going to have to pay up if they want their top managerial target.

The Reds are set to spend a world record fee for a manager if they want to bring Xabi Alonso to Anfield.

The Spaniard, a former player of the club, is at Bayer Leverkusen at present.

With Alonso set to win the Bundesliga, he is not going to come cheap, as he has a release clause in his contract.

Sky Germany states that a fee of fee of around £21 million may be required to secure his signature.

Alonso is also a target for German giants Bayern Munich, who are set to replace Thomas Tuchel in the summer.