Liverpool are understood to have rejected a loan bid from Newcastle United for England international Andy Carroll.
On Sunday, Newcastle made an offer to take Carroll on a season-long loan with a view to a permanent deal, with reports suggesting the fee would be in the region of £15 million.
However, the Press Association later reported that Liverpool had rejected the loan bid, though the Reds would still entertain offers for a permanent transfer.
Newcastle manager Alan Pardew had recently indicated that he would welcome the chance to re-sign the striker, who left Newcastle in a £35 million deal in January 2011.
"He did a terrific job here," he said on Wednesday. "I've always supported him even at Liverpool when other people haven't. I think he's had a raw deal from the media if I'm honest. He's going to be a great player, but where he treads the boards we'll have to wait and see."
AC Milan, West Ham and Aston Villa have also been credited with an interest in Carroll's services.