Everton starlet Jose Baxter has been arrested on suspicion of posessing drugs and counterfeit money.
Highly-rated striker Baxter was one of three men arrested in Kirkby on Monday on suspicion of possession of cannabis and on suspicion of possessing counterfeit money.
The 17-year-old is the youngest player to represent Everton, having made his debut aged 16 years and 191 days against Blackburn Rovers in August 2008.
"We can confirm that three men were arrested in Kirkby on possession of cannabis with intent to supply and on suspicion of possession of counterfeit money," said a spokesman for Merseyside Police.
"The men, 17, 29 and 34 are currently in police custody."
They have since been released on bail by Merseyside Police. Everton Football Club have so far refused to comment on the matter