Liverpool issue Sterling warning, Real Madrid eye Courtois

Brendan Rodgers says club will not pay over the odds to keep Sterling, Man Utd take lead in race for Dani Alves

Raheem Sterling of Liverpool FC
(Image credit: ADRIAN DENNIS/AFP/Getty)

There's bad news for some of the Premier League's biggest clubs today. Arsenal's hopes of adding to their squad in the summer have taken a knock, Chelsea could face a fight to keep one of their prized assets and Liverpool are also facing a showdown with one of their stars:

• Contrary to some reports it seems Liverpool have yet to agree a new deal with Raheem Sterling prompting Brendan Rodgers to warn the player's representative, Aidy Ward, that the Anfield club will not be held to ransom. Rodgers insisted that Liverpool had offered Sterling a "wonderful deal" and added "we are certainly not a club that is going to give out way, way above what a player is worth at a certain time of his career", reports The Times.

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Bill Mann is a football correspondent for The Week.co.uk, scouring the world's football press daily for the popular Transfer Talk column.