Liverpool could lose out on more than £30m after they were knocked out of the Champions League by Atletico Madrid, according to a report.

Jurgen Klopp's side, who achieved European glory for the sixth time in their history last season, suffered a disappointing last-16 exit to Atletico as they were knocked out 4-2 on aggregate following a 3-2 loss at Anfield.

Last season's figures showed that the Reds claimed a whopping £31.7m en route to the final, as they overcame Bayern Munich, Porto and Barcelona on their way to the title.

However, according to the Daily Mail, Liverpool's shock early exit could have a profound impact on their prize money, as they pocketed £54.7m for winning last year's tournament.

Nevertheless, Klopp's side are still set to secure their first-ever Premier League title, sitting comfortably atop the table 25 points clear of reigning champions Manchester City.

However, it remains to be seen what impact the ongoing coronavirus outbreak could have on the league, as Arsenal boss Mikel Arteta was recently tested positive for the virus on Thursday evening.