The latest Liverpool transfer news and opinion as the Reds turn down €67.5m (£58.5m) for Luis Diaz - is it the correct decision?

Emile Heskey has urged Liverpool to sign one of Arsenal ’s transfer targets if they decide to cash in on Luis Diaz this summer. The Colombian has been the subject of interest from Barcelona and Bayern Munich this summer after lifting the Premier League title with Liverpool last season.

Fabrizio Romano has the latest on one massive Liverpool transfer. This one really could happen.Luis Diaz appears to be closing in on a Liverpool exit. Sort of.LFC x Nike Air MaxLFC Retro Shirts Buy

Liverpool had told Bayern on July 2 that Luis Diaz was not for sale. Nevertheless, Bayern believe the Colombian is keen to join them, hence they returned with a first official bid. Liverpool’s position on Díaz has not changed. It remains to be seen whether Bayern will return with another offer.

Darwin Nunez is expected to leave Anfield amid ongoing links to clubs in Italy and Saudi Arabia, while Luis Diaz is said to have informed Liverpool of his desire to move on after a £58.5m bid for his services from Bayern Munich was rejected. Arsenal are facing competition from a Premier League rival for the signing of Real Madrid star Rodrygo.

Bayern Munich will turn to Arsenal forward Leandro Trossard if a move for Liverpool's Luis Díaz falls through. Transfer Talk has the latest news, gossip and rumors.