Bayern Munich are expected to make an improved offer for Liverpool winger Luis Díaz, after an initial bid was rejected by the Premier League champions, reports have claimed. With just two years left on his Liverpool contract and arguably at his peak at 28,

Liverpool have responded to Bayern Munich’s interest in Luis Diaz by naming their price for the Colombian winger.

Bayern Munich have submitted a formal proposal to sign winger Luis Diaz from Liverpool. The 28-year-old Colombia international has emerged as a top target for Bayern and their first official proposal arrived on Tuesday. It was worth €67.5million (£58.6m; $78.8m) and immediately rejected by the Premier League champions.