According to Oliver Kay of the Times, Liverpool have rejected a £30 million bid from Manchester City for young winger Raheem Sterling, as they evidently value him at £50 million and "will not consider selling for less than that sum." £50 million is, to use a technical term, "a lot of money."
Sterling has, of course, been linked with Arsenal already this summer, as ESPN claimed a little while back that Liverpool would be open to a trade in which Sterling would come to Arsenal and Theo Walcott and Kieran Gibbs would both go north. At the time, I was a bit skeptical as it was then reported City would be asked for £40 million rather than 50, and the Arsenal price seemed the steeper one to me.
That extra £10 million is beginning to change my mind, though. If Liverpool want two players or £50 million, I think the former may be the more reasonable price to pay. But since there's no real indication that Arsène Wenger has an interest in making that deal, I don't think it's worth worrying over at the moment.
Sterling's agent claims that he will not sign a new deal at Liverpool "even if offered £900,000" a week. If that is the case, at some point Liverpool's demands will likely change. Unless they do, the path to Arsenal signing the player appears to be a tough one, lined with cash.