Aston Villa does not want to lose Downing but with the winger stalling on contract talks Villa are ready to cash in.
Villa said that they will not deny Downing a move to Liverpool and is planning to use the proceeds of a sale to lure Charles N'Zogbia from Wigan.
Downing has his heart set on Anfield but a stumbling block could be the transfer fee.
Liverpool have been looking at alternatives with St Etienne's Dimitri Payet considered a possible target. Meanwhile, Rangers have confirmed they have made an offer for Villa defender Carlos Cuellar.
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