Championship outfit Derby County have reportedly placed a valuation of £5m on the services of their teenage midfielder Will Hughes.

The Premier League duo of Arsenal and Liverpool have both been credited with an interest in the 17-year-old, who has made 23 appearances in all competitions for County this season.

However, the Rams are keen to keep hold of Hughes until at least the summer, which has resulted in them placing that figure on his head, according to Goal.com.

Nevertheless, both Arsenal and Liverpool are still said to be keen and are considering making an offer during next month's transfer window.

Recent reports have suggested that Hughes could be loaned back to Derby for the remainder of the campaign, should he finalise a permanent move away from Pride Park in January.