Borussia Dortmund have reportedly informed Liverpool and Manchester United that the asking price for Jadon Sancho is £120m.
The 19-year-old has been in impressive form for his German club this season, scoring four times and contributing eight assists in 16 appearances in all competitions.
The former Manchester City youngster is reportedly keen to leave the Bundesliga giants, though, and the likes of Liverpool and United continue to be credited with an interest.
The Red Devils are thought to be weighing up a £100m offer during the January transfer window, but according to Bild, Dortmund have placed a £120m price tag on the teenager.
Sancho, who is currently with the England squad on international duty, has managed 18 goals and 31 assists in 71 appearances for BVB since arriving in the summer of 2017.
The versatile winger has a contract at Signal Iduna Park until the end of the 2021-22 campaign.