Liverpool have rejected an offer for star striker Fernando Torres from Premier League rivals Chelsea.
The 26-year-old has struggled for form so far this season but has scored nine goals in 25 appearances for the Reds.
"Chelsea have made a bid for Fernando, which has been turned down. The player is not for sale," a Liverpool spokesman told BBC Sport.
The offer is believed to be in the region of £35-£40m and comes after a previous bid by the London club in May.
Chelsea have declined to comment but, with the transfer window open until 2300 GMT on Monday, there is still time for them to increase their offer for the Spaniard.
Liverpool have previously been linked with Uruguayan striker Luis Suarez but his club, Ajax, have said the Reds have until Saturday to do any deal with them.
The Merseysiders have also had a £4m bid for midfielder Charlie Adamrejected by Blackpool and have sold forward Ryan Babel to Hoffenheim.
Torres' indifferent start to the season comes after a knee injury, which also hampered him at the World Cup in South Africa last summer.
And although he scored twice in Liverpool's 2-0 win over Chelsea in November, Torres looked a forlorn figure under previous Liverpool manager Roy Hodgson.
But he has looked a different prospect since Kenny Dalglish took over as Reds boss earlier in January, scoring three goals in his last four games.
Liverpool moved up to seventh in the Premier League table following their 1-0 victory over Fulham on Wednesday, but they still face a fight to qualify for the Champions League next season, with Chelsea nine points ahead of them in fourth spot.
Although Carlo Ancelotti's team have failed to fully replicate their form of last term where they won the Premier League title, they are still in the Champions League and are currently 10 points behind league leaders Manchester United.
Ancelotti has previously hinted that he wanted to bring in new players to bolster an ageing squad stretched by injuries this season.
And with the club close to signing Benfica defender David Luiz, the bid for Torres shows that Chelsea are still prepared to use their financial muscle to boost their domestic and European ambitions.
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