By North-west correspondent Alex Stevens

Liverpool have increased Joe Allen’s asking price to £14million on the back of his eyecatching performances at Euro 2016.

Swansea have already had one bid of £8million turned down for Allen, who only has a year left on his contract at Anfield.

The 26-year-old has blossomed in France this summer and been one of the integral players for a Wales team that have unexpectedly reached the semi-finals.

The Mail on Sunday claim the Merseysiders have adjusted Allen’s price tag due to the combination of the player’s outstanding form and the prices being quoted for players in a booming transfer market.

The Merseysiders are prepared to sell Allen, who has admitted he has not been offered an extension and is behind the likes of Emre Can, Jordan Henderson and James Milner in the Anfield pecking order.

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Liverpool are also keen to recruit a new central midfielder and have lodged bids this summer for Udinese’s Piotr Zielinski and Borussia Mochengladbach’s Mahmoud Dahoud.

Allen is said to be open to a move and he wants to play more regular first-team football after struggling to hold down a starting place under Jurgen Klopp.

The central midfielder’s future is likely to be resolved after Euro 2016.

The midfielder has played 129 games for Liverpool and it remains unclear what role he might have under Klopp but his energy and neat passing have won admirers from across Europe.

It has been reported that Celtic, Leicester, Stoke, Bournemouth and Sevilla are also keen to secure the 26-year-old services ahead of the new season.

In other Liverpool transfer news, the Merseysiders have lodged a £25million bid for a player who could replace Allen at Anfield next season.