Liverpool and Bayern Munich are reportedly both optimistic that an agreement will be reached for Luis Diaz to move between the clubs this summer. The Bundesliga champions had a bid worth £58.5million rejected last week, but are expected to return with an offer closer to the Reds’ valuation.

Luis Diaz is hoping that Bayern Munich make Liverpool a second offer they can't refuse after telling the club that he wants to leave in the summer transfer window

Bayern Munich have submitted a formal proposal to sign winger Luis Diaz from Liverpool. The 28-year-old Colombia international has emerged as a top target for Bayern and their first official proposal arrived on Tuesday. It was worth €67.5million (£58.6m; $78.8m) and immediately rejected by the Premier League champions.