Liverpool are continuing to work on a deal to bring Tom Ince back to Anfield after Blackpool told them to increase their offer.
The midfielder, 20, left Anfield to move to Bloomfield Road for £250,000 in August 2011, and is set to make the return journey when the transfer window opens next month.
But it is understood that Blackpool chairman Karl Oyston wants £6 million to sanction the deal for a player whose contract expires at the end of the season.
Blackpool have confirmed that they have received a bid from Liverpool, but insist it is not enough.
Their manager Michael Appleton told BBC Radio Lancashire: “I think there’s been a conversation between Karl Oyston and Liverpool about an offer.
“But as far as I’m aware, it’s way below the type of money we’d expect for someone of Tom’s talent.”
Liverpool manager Brendan Rodgers was coy when asked about Ince at a press conference on Thursday, ahead of Saturday’s Premier League home game against Fulham.
He said: “I can tell you that our scouting network have been looking for all sorts of talents to come in here.
“The minute we do bring anyone in, I will speak to you all day about it. But at the minute, there’s nothing to speak about. There’s only the players we have here.”
When Rodgers was told by a reporter that Blackpool had received a bid, he said: “Blackpool said who made a bid?”
The reporter then said that Blackpool had confirmed the offer had come from Liverpool, to which Rodgers replied: “Did they? I’m not sure, to be honest. I’m just assessing the players we’ve got at the minute.
“If we can get talented young British players in here, then that will be fantastic for us. Any negotiations are done by the people above me, and we’ll conclude what we can as early as we can.