Brighton midfielder Moises Caicedo has rejected an approach from Liverpool.
The Reds made an enquiry for Caicedo this week, only to learn the Ecuador international wants to join Chelsea.
Reports of Liverpool outbidding Chelsea for Caicedo are wide of the mark.
Chelsea had a last offer of £80m rejected by Brighton, but intend to try again as they prioritise Caicedo's signing.
The Seagulls are demanding £105m to sell.
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