Liverpool are reportedly 'no longer in the race' to sign Brighton and Hove Albion central midfielder Moises Caicedo.

The Lowdown: Liverpool interest

It was reported earlier this week that Liverpool are 'exploring' a deal to sign Caicedo, alongside fellow Premier League rivals Chelsea and Arsenal.

Journalist Fabrizio Romano then gave an update on the Caicedo situation on Friday morning, saying that while Chelsea have had a £55m verbal proposal rejected by Brighton, Arsenal have submitted a £60m bid for the Ecuador international, which has since also been rejected.

This comes after reports that Brighton have splashed an £100m asking price over Caicedo's head, so it looks like a very difficult deal to do in January.

The Latest: Liverpool pull out

Taking to Twitter, journalist Kevin Palmer says that the Anfield outfit are 'no longer in the race' for Caicedo, quoting the reported £100m asking price for him as 'insane':

"Liverpool are no longer in the race to sign Moises Caicedo from Brighton amid claims the asking price is £100m. A decent player but that fee is insane."

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The Verdict: Not at that price...

The Reds are right to walk away from a deal for Caicedo if they would have to pay £100m for him.

Granted, the 21-year-old is a great player in his own right, as no Seagulls player can match his average of 2.9 tackles per match in the Premier League so far this season, while he also ranks highly among his team-mates for for interceptions, key passes, long and through balls (WhoScored).

However, paying £100m would be a huge gamble for Jurgen Klopp's side, given that he would be their club-record signing by far and they already paid a large amount of money for Darwin Nunez in the summer (Transfermarkt).

Thus, they should focus on securing cheaper alternative targets, with recent reports linking them with a move for Sheffield United's Sander Berge, who would be expected to be much less expensive given that he would be coming from the Championship.