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Swedish striker Alexander Isak remains Liverpool's primary forward target with just two weeks left in this summer's transfer window.
The Reds continue to stand ready to move should Newcastle provide any indication of willingness to negotiate.
Liverpool submitted a £110 million ($148.9 million) bid earlier this month, which was turned down by its Premier League and Champions League rival.
"Liverpool are prepared to pay £110 million now.
Their back-up bid is £80 million now and £60 million more next summer.
Take your pick," Keys said during the broadcast on Friday.
He added: "But I've also heard that Real Madrid might be in the frame."
Big discount
Stefan Borson, the former financial adviser at Manchester City, has suggested that Liverpool could secure a £15 million ($20.3 million) discount on its potential signing of Isak this summer.
He reckons that a deal could be struck for around £125 million ($169.3 million) "plus a load of add-ons, some easy and some not easy" following the clubs' clash at St
If he does end up going now, I think they have successfully chipped off £10-15 million of his fee."
Howe responds to claim
Newcastle's head coach Eddie Howe has effectively brushed aside claims that Isak had expressed a desire to leave the club back in May
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