Liverpool and Luis Suarez's agent are in disagreement over a reported £40 million clause in the striker's contract, according to the Times.
Suarez signed a new long-term contract with Liverpool last summer, and the Times reports that there is confusion regarding a clause inserted in that deal.
The newspaper claims Liverpool interpret the stipulation as that they "must consider" offers of £40 million or more, whereas Suarez's agent, Pere Guardiola, believes such an offer "would effectively trigger his release".
Liverpool managing director Ian Ayre recently confirmed to Bloomberg that Arsenal have made an offer for the Uruguay international, with a second bid from the Gunners said to be in the region of £35 million.
Real Madrid have also been strongly linked with an interest in the forward, although it is claimed the Liga club have yet to table a bid.