Liverpool reportedly asked Real Madrid to hand over Vinicius Junior in exchange for Sadio Mane, only to be knocked back by the Spanish club.
Madrid boss Zinedine Zidane is a huge admirer of Mane, who has starred for the Reds this season with 21 goals in the Premier League and Champions League.
Los Blancos consider the Senegal international a luxury signing that is possibly out of their reach, but that did not stop them making contact with Liverpool.
OKdiario editor Eduardo Inda, speaking on El Chiringuito, has claimed that Madrid chiefs asked their Liverpool counterparts what it would take to sign Mane.
Rather than ruling out a sale, Liverpool are said to have told Madrid that they would consider selling one of their prized assets if Vinicius were offered as part of a transfer.
However, the European champions responded with a 'no', it is claimed, as they see the Brazilian starlet as a key part of their long-term plans.