Despite Haaland only joining Dortmund from RB Salzburg in January 2020, he's already tipped to depart next summer as top European clubs circle.
"Do I believe Liverpool will be in the race to sign Erling Haaland next summer? No," McManaman told horseracing.net.
"I don't think the transfer fee is the reason that Liverpool won't be in the market for Erling.
"I believe it's all the other variables that come with signing a player of his calibre. He would command a big wage and once you pay one player a huge amount of money, then all the other players are going to want the same.
"Mino Raiola would want a tonne of money for not only Haaland but for himself too and I don't think Liverpool would want any part in that."
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