Reds prepared to take a huge hit on the Englishman this summer.
Liverpool are prepared to sell wide man Stewart Downing for as little as £5 million this summer, with Premier League rivals Newcastle United believed to be interested in signing the England international, according to reports in the Liverpool Echo.
The midfield player has only been at Anfield for the past two seasons now, having originally arrived on Merseyside from Aston Villa in July 2011 for a whopping £20m.
However, it is fair to say that in the intervening two-year period, the 29-year-old has failed to fully justify that hefty price tag, with the winger failing to register even a single goal or assist in his entire first campaign with the Reds.
And despite performing better last season for new Liverpool head coach Brendan Rodgers, Downing was still only a bit-part player at times under the Northern Irishman, although the Englishman did manage to record three goals and five assists in his 29 Premier League outings for the club in the 2012/13 campaign.
Either way, it is understood that the Merseyside giants have now put Downing up for sale in the summer transfer window, which closes on Sept 2, with north-east outfit Newcastle said to be keen on signing the player before the new season gets under way.