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17th Aug, 2016 | 4:17pm

Report: Liverpool enter talks to hijack Arsenal deal, player could go in part-exchange

By Harvey Byrne

Liverpool are negotiating a deal with Valencia to sign Arsenal target Shkodran Mustafi, according to a report.

Valencia radio station Cadena Ser claim that talks have taken placed about Mustafi moving to Anfield and Liverpool outcast Luis Alberto joining the La Liga club in part-exchange.

It is claimed that Valencia value Mustafi at £26million and Liverpool rate Alberto at £5.2million.

The report states neither club were prepared to meet the valuations during discussions which took place when Valencia director of football Jesus Garcia Pitarch met with Liverpool.

Arsenal have also held extensive talks with Valencia about signing Mustafi as they attempt to fill their defender void following injuries to key men Per Mertesacker and Gabriel.

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The Anfield club have already bolstered their defence with Ragnar Klavan and Joel Matip this window.

However, with question marks still remaining over Mamadou Sakho and the club’s 4-3 opening day victory over Arsenal showing up some defensive deficiencies, Jurgen Klopp could be looking to return to the the market for a defender.

This report by Cadena Ser follows Sky Sports’ Spanish expert Guillem Balague claiming this week that the Gunners are poised to sign the central defender for a fee of £25.9million.

German defender Mustafi has won 12 caps for his country after establishing himself as a regular for his La Liga side since his transfer from Sampdoria in 2014.

The former Everton academy graduate featured for the World Cup winners at Euro 2016 and scored in the opening match against Ukraine, which his team won 2-0.

Mustafi has three years left on his current deal in Spain, but could be tempted by a move to the Premier League.

In other Liverpool transfer news, the Reds have been installed as second favourites to sign Everton target Joe Hart.