AC Milan tell interested parties Arsenal, the Reds and Manchester United that Stephan El Shaarawy will cost £11.5m
The Merseyside club are among a trio of Premier League sides who are considering a move for the 22-year-old, who is currently unsettled at the San Siro.
According to the Daily Express Milan are looking to shake things up in their squad and El Shaarawy no longer features in their plans.
The forward was considered one of the best young players in world football before injury halted his progress.