Liverpool 'reject Man City bid' for Raheem Sterling

Liverpool look set for another summer of transfer upheaval after rejecting a £25million offer from Manchester City for forward Raheem Sterling.

It is understood the bid, which could rise to £30million with add-ons, was not even seriously considered by the Anfield hierarchy as they value the 20-year-old, who has 24 months left on his current deal, at £50million-plus.

The club has been involved in transfer sagas the previous two summers with Luis Suarez initially failing to manufacture a move away before, 12 months later, securing a £75million transfer to Barcelona with whom he has just won the Champions League to add to a domestic double in Spain.

It seems likely the Reds will face a similar scenario with Sterling as City are unlikely to be deterred by the rebuttal - on Wednesday their chairman Khaldoon Al Mubarak promised "high-quality" signings this summer - and it will also alert the interest of neighbours Manchester United who were first to make their interest in the player known.

However, Chelsea and Arsenal - offering a return to Sterling's home city - have also been linked while new Real Madrid manager Rafael Benitez, who brought Sterling to Anfield when he was a 15-year-old at QPR, has also expressed his admiration for the forward.