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Transfer news LIVE: Liverpool £85m talks, Man Utd £350k PAY CUT offer, Chelsea, Arsenal

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Italian champions want Sanchez, 30, to take a pay cut.

Real Madrid want to sign Mauro Icardi on a cut-price deal.08:30 UPDATE: Alexis Sanchez to Juventus.

Juventus are interested in signing Manchester United outcast Alexis Sanchez.

Sanchez, 30, has registered one goal and three assists in 17 Premier League appearances this season and looks a shadow of the player who thrilled at Arsenal.

Liverpool have had an enquiry about £85million-rated Benfica defender Francisco Reis Ferreira rejected by the the Portuguese club, according to a report.

A news outlet in Portugal, are reporting that Liverpool have made first contract over his signature.

Those advances were rejected as Liverpool tried to take the defender on loan with an option to buy for £10m.07:45 UPDATE: Real Madrid want Mauro Icardi.

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