Liverpool are believed to have rejected the chance of signing Pablo Aimar and will now likely step up their efforts to sign Alberto Zapater from Real Zaragoza.
The Reds' decision not to move for Aimar could very well bolster their prospects of landing Zapater - as Real Zaragoza are favourites to land the Argentinian.
Aimar's agent Gustavo Mascardi is less than enamoured about Valencia's offer to Liverpool.
"We have confirmation about offers with several clubs, this situation is incredible because Valencia did not speak with us," he said.
Spanish sources suggest Zaragoza could now land Aimar for around é¼10 million and Mascardi confirmed: "There is an interest."
One issue over Zapater could be the fact that Valencia also want him and they could very well ask for him as part of the Aimar deal.
Liverpool's new chief scout Eduardo Macia - who has replaced Paco Herrara - is understood to be working on the issue of Zapater with Rafa Benitez.
Meanwhile, Mascardi confirmed that another one of his charges at Valencia - Roberto Ayala - could sign an extension in the near future.
"The president has promised Ayala a few more years on his contract and we are looking at this," he said.
"There are no problems and we have begun talking."