Reds director explains transfer policy

While German giants Bayern Munich are busy calming down fans who are angered that the club's commitment to unveil a major new signing today was simply a promotion for a new app, Liverpool managing director Ian Ayre is making sure that the Kop's transfer expectations remain low, to begin with.

English media has heavily linked Liverpool with the likes of Real Madrid's Esteban Granero, Groningen's David Texeira, Rangers' Nikica Jelavic, and Udinese's Mauricio Isla.

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