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FSG talks have supposedly stalled over adding a new club to its portfolio while Liverpool is taking a look at three players who it could sign in the summer.
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FSG 'talks collapse'
Talks have collapsed between FSG and Toulouse over a deal to buy the Ligue 1 side, Football Insider reports.
CEO of football Michael Edwards was supposedly looking at the French side to add to the Liverpool owners' portfolio.
FSG is looking to move towards the multi-club model, as is common now within the European game, and France is one of the options that makes sense in terms of where there is a lot of existing young talent.
Portugal would be another logical country to target.
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The report adds that Liverpool is looking elsewhere in France, even if a deal for Toulouse isn't going to happen.
Toulouse is majority-owned by RedBird Capital, which holds an 11 per cent stake in FSG.
The two sides met in the Europa League group phase with Liverpool winning 5-1 at Anfield and Toulouse securing a famous win on home turf.
A defensive midfielder and a center-back feel like more likely targets, though it will depend partly on who the next manager is to be.
Earlier today, it emerged via The Athletic that Liverpool was 'unlikely' to land on Amorim as its next head coach amid the extensive search for a replacement for Jürgen Klopp.