Liverpool reject City's $38m bid for Sterling

Liverpool have rejected Manchester City's £25 million ($38 million) offer for unsettled England forward Raheem Sterling, according to reports on Thursday.

Sterling has told Liverpool manager Brendan Rodgers he wants to leave Anfield to join a club who can offer him Champions League action next season and City have made the first move in what could prove a lengthy saga to settle his future.

According to the Times, City's bid valued Sterling at £25 million, with an additional £5 million to be paid in potential add-ons.

But Liverpool are determined to keep hold of their most gifted youngster and have snubbed the approach for the 20-year-old, who has two years remaining on his current £35,000-a-week contract.

It is believed that only an astronomical offer of at least £50 million could persuade Liverpool to consider letting Sterling leave.

Liverpool remain keen to convince Sterling to sign a new contract, even though he rejected a deal that would have paid him around £100,000-a-week earlier this year.

Sterling's refusal to commit to Liverpool has angered the club's supporters, who jeered him at an end of season awards dinner.

The situation turned even uglier when his agent Aidy Ward last month said there was no chance Sterling would extend his contract no matter how much money Liverpool offered.

Liverpool responded by cancelling a scheduled meeting with Sterling and his representative, while Rodgers left the winger on the bench for the team's 6-1 thrashing at Stoke on the final day of the Premier League season.

Arsenal, Chelsea and Manchester United are also reported to be interested in Sterling, who is currently on international duty with England ahead of their Euro 2016 qualifier in Slovenia on Sunday.

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