Liverpool are preparing a last-ditch bid for Real Madrid outcast Asier Illarramendi.

Illarramendi is also wanted by Arsenal, and Manchester United, however according to reports in Spain Liverpool are prepping a move this afternoon.

The Spanish midfielder has struggled for game time in Carlo Ancelotti's side and Madrid have added Lucas Silva and Martin Odegaard to their squad.

Illarramendi cost around €32m in 2013 and the 24-year-old was expected to be a star following an impressive showing in the U21 European Championships that season.

However any move from Liverpool would need to tied up quickly with the transfer deadline ticking down.

Source: Daily Express