Liverpool have reportedly received a huge boost in their pursuit of Thiago Alcantara as Bayern Munich have lowered their asking price for the midfielder.

Bayern will allow Thiago to depart this summer as he enters the final season of his contract, despite being an integral part of their treble-winning success this term.

The Reds have so far been reluctant to match Bayern's £36m valuation, but The Athletic claims that the German giants are now willing to accept an offer of £27m.

Bayern are said to have taken the decision as they do not want to risk the ex-Barcelona ace leaving for nothing in less than a year's time.

Thiago has spent the past seven years at the Allianz Arena, winning 16 trophies in that time, including the Champions League in what could be his final game for the club.