Liverpool transfer news: £90m war-chest, Gerrard told Reds hero to join Chelsea, Reds ready to sign Arsenal-linked striker

Liverpool preparing move for Atletico Madrid striker

Liverpool are ready to trump Arsenal and sign Atletico Madrid striker Mario Mandzukic this summer for around £26 million.

The Croat is said to be one of Brendan Rodgers favourite players according to the Metro and the Reds will fund the deal by selling flop forward Mario Balotelli.