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Liverpool want to revive a deal for full-back Alberto Moreno.
Manager Brendan Rodgers' hopes of signing Moreno have stalled because the two clubs have been unable to agree a fee.
Sevilla sporting director Monchi suggested last month that any prospect of a deal was finished.
But the Reds - who value the left-back at 16 million pounds - remain interested if a compromise can be found, sources have told ESPN FC.
Sevilla are seeking 20 million pounds, but Liverpool are not prepared to go that high for the 22-year-old, who has played three times for Spain but missed out on their final 2014 World Cup squad.
Rodgers has made strengthening his defence a priority as he bids to build on the achievements of last season, when Liverpool finished second in the Premier League.
He is keen to sign a left-back despite the return to fitness of Jose Enrique, who missed the final six months of last season with a knee problem.
A move for Chelsea's Ryan Bertrand is a possibility, but Moreno is the preferred option for Rodgers if a deal can be done.
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