By Wayne Veysey

30th Nov, 2021 | 6:45am

Sources: Liverpool on red alert as Wolves slash Traore price by incredible £32m

Liverpool are on red alert as Wolves prepare to slash the asking price for Adama Traore by an incredible £32million, Football Insider can exclusively reveal.

The Merseysiders were put off a deal for the Spain international last summer as they wanted to pay £20-25m while Wolves valued him initially at £50million.

A Wolves source has told Football Insider that Traore’s price tag is tumbling ahead of the January window and a deal could be done for around £20m, potentially even £18m.

That would represent an incredible £32m saving for Jurgen Klopp’s title challengers as well as the forward’s other suitors in the Premier League and across Europe.

Wolves are strapped for cash and need to sell before they can buy new players in January.

That could mean them missing out on signing loan star Hwang Hee-chan on a permanent deal from RB Leipzig, as Football Insider revealed on 23 November.

Subscribe to Football Insider TV now

They have the option to buy Hwang, 25, for around £13million next summer as part of the deal that took to Molineux in late August.

But that would not stop Leipzig accepting a bid beyond that mark for the Wolves loanee in January.

Traore has been targeted with his contract at Wolves now down to the final 18 months.

He has made seven Premier League starts among 14 appearances this term but has failed to start Wolves’ last four league encounters.

Klopp is keen on a forward signing who can play anywhere across the front line and carry the ball forward, particularly on the counter-attack.

He did not sign a senior attacker during the last window and Liverpool have responded with a series of remarkable displays, with 39 goals from their 13 Premier League matches so far.

But they will be deprived of Mohamed Salah and Sadio Mane during January, when they will be on African Cup of Nations Duty.

In other news, Liverpool have landed £28m windfall after “astonishing” new deal agreed.