Liverpool are expected to open formal talks with Real Madrid for the transfer of Michael Owen over the weekend.
The European champions have remained tight-lipped about their objectives ahead of the European Super Cup in Monaco against CSKA Moscow. However, they believe they can land the former player before the transfer deadline for as little as a £4million down payment.
It is understood the 25-year-old and his advisors are not interested in Newcastle´s club record bid for the England striker, leaving the way open for Liverpool to end weeks of speculation by declaring their hand.
© Copyright Press Association Ltd 2005, All Rights Reserved.
