Liverpool is reportedly in talks with a member of the Abu Dhabi royal family about a £700 million takeover.

The Daily Star has reported that discussions have already begun about the proposed sale of the club, however, the identity of the bidder remains a closely kept secret.

However, the tabloid newspaper suggested a possible candidate could be Sheikh Khalifa, the president of the United Arab Emirates, who is currently worth more than £30bn.

Manchester City's owner, Sheikh Mansour, is also a member of the Abu Dhabi royal family.

The Reds are currently owned by American sports investment company, Fenway Sports Group, who bought the club in 2010 for £300m. However, Liverpool is now valued at around  £650m.