Roy Hodgson has revealed Javier Mascherano was not 'in the right mind' to face Manchester City, but insists the midfielder will only leave Liverpool for the right price.
Barcelona are understood to have had an offer of £12million rejected by Liverpool and that prompted Mascherano to sit out Monday's game at City.
The Argentina international is keen to quit Anfield for personal reasons and Hodgson is looking for a resolution to the matter.
Hodgson wants to retain the 26-year-old in his squad, but outlined the reason behind Mascherano's absence from the squad at the City of Manchester Stadium.
When asked where Mascherano was, Hodgson told Sky Sports: "I don't know where he is tonight, but he's not with us here anyway.
"He's not here tonight because obviously there is some speculation about his future and at the moment his mind isn't right, so it wasn't correct to select him.
"Hopefully matters will get resolved, certainly before the end of the transfer window and I'll have a chance to pick him again, but tonight would not have been a good time to select him."
Regarding whether Mascherano would go, Hodgson added: "I don't have a gut feeling about it, basically speaking the club has got a position.
"Of course, we are under pressure from another club who wants to buy him, but we are in good company as it has happened to a lot of clubs during this period of time.
"It will happen, I guess, a day when the offer for him matches our valuation, but until that day he stays with us."
Which club will Javier Mascherano be at when the transfer window closes?