Liverpool reportedly have just over one week to complete a deal for Bayern Munich's Thiago Alcantara.

The 29-year-old is out of contract at the Allianz Arena next summer and is widely expected to leave the European champions in the current transfer window.

Liverpool have been strongly linked with the Spain international, although Bayern chief Karl-Heinz Rummenigge recently insisted that the Reds have not been in contact over a potential move.

Jurgen Klopp's side are believed to be interested, but according to Varsky Sports, the Premier League champions only have just over one week to close a deal for the experienced midfielder.

Thiago was in impressive form for treble-winning Bayern during the 2019-20 campaign, scoring three times and contributing two assists in 40 appearances in all competitions.

Manchester United and Arsenal have also previously been mentioned as potential suitors.