American billionaire Stephen Pagliuca is looking at another Premier League club.

Pagliuca was unsuccessful when he attempted to buy Chelsea in the summer.

But now, per the Financial Times, he is in the race to invest in Liverpool, and will likely hold talks with owners FSG.

He said: "I looked at Liverpool about 15 years ago when they had that situation. I can't talk specifically about any transactions we are working on because of confidentiality agreements but obviously we are aware of those transactions.

"The questions on those transactions in general is what price level do we think is sustainable? Obviously the Chelsea process which received a record price has probably motivated folks to try and monetise clubs that they have owned for a long time, and we are certainly in a period where values have been driven up.

"Anyone who buys a club has to assess the economic opportunity, how much money we have to put in to keep up the quality and what that will cost you. That is what we do in everything we are looking at."