By Tom Blackburn

Liverpool have ended their pursuit of Brazilian youngster Gabriel Jesus, according to a report.

The left-winger from Palmeiras was dubbed the “new Neymar” by The Sun after being named best newcomer in 2015 for Brazil’s top tier of football.

Spanish sport website UOL Esporte claim Liverpool officials felt they were up against unfair competition in their bid to sign the youngster.

The Merseyside giants would have to pay £31.5million for the services of Jesus, whereas European giants Manchester United, Real Madrid, Barcelona, Bayern Munich and PSG would benefit from a clause that would enable them to sign him for a relatively cut-price £18.9m.

The reduced price only applies to those five top European clubs, as part of a release clause in his contract.

Manager Jurgen Klopp was reported to have been tracking the 19-year-old Brazilian, who is labelled a better prospect than Neymar, but without European football decided they cannot warrant the signing.

He has scored four goals in seven matches for Palmeiras this season after four goals in 20 appearances the season before.

It is not the first time Liverpool have missed out on a player this summer, with three targets all choosing Borrusia Dortmund over them.

Football Insider reported on Thursdaythat they had missed out on Raphael Guerreiro, having already been beaten to the chase on Marc Bartra from Barcelona and midfielder Emre Mor from Nordsjaelland.

In other Liverpool news, a Turkish club chief has announced no deal will be done with Liverpool for their striker.