Liverpool reportedly submit a £17 million transfer offer for a key player as their rival faces financial difficulties.

Liverpool have reportedly submitted a €20 million (£17 million) bid for Lyon forward Rayan Cherki as the Ligue 1 club grapples with significant financial troubles.

Earlier this week, it was revealed that Lyon, owned by John Textor, are burdened with nearly £500 million in debt. They face potential relegation unless their finances are stabilized by the end of the season, as mandated by France’s financial watchdog, the Direction Nationale du Contrôle de Gestion (DNCG).

This financial uncertainty has seemingly prompted interest in Cherki, 21, who has impressed this season. According to TuttoJuve, both Liverpool and Chelsea have made official bids for the France Under-21 international, who has attracted attention from multiple European clubs. Liverpool were also linked to Cherki during the summer transfer window.

While Lyon would prefer to keep Cherki, their financial predicament may leave head coach Pierre Sage with little choice. Juventus have also expressed interest in the player.

Textor, who also holds a 45% stake in Crystal Palace through his Eagle Football Group, has downplayed fears of relegation. During a recent press conference, he stated that Lyon must secure around €100 million (£83.6 million) to avoid demotion but assured there is “no chance” of it happening, citing the group’s extensive resources.

Meanwhile, Liverpool’s interest in Cherki comes amid speculation surrounding summer signing Federico Chiesa. Reports suggest the Italian winger, struggling for regular game time at Anfield, could return to Serie A, with Inter Milan reportedly eyeing a six-month loan deal.