Norwich City's pursuit of Liverpool starlet Sergi Canos could end up costing the Canaries £4.5m.

City are still discussing personal terms with the Spanish teenager and his advisors after meeting Liverpool's £2.5m valuation, but the Liverpool Echo report the Reds have also inserted a number of performance-related add-ons that could trigger another £2m, along with a sell-on fee and potential buyback option.

Norwich's Championship rivals, Bristol City, have also met the Reds' £2.5m asking price but City are in pole position to land Canos, who made his senior debut for Jurgen Klopp at West Brom on the final day of the Premier League season last May.

The former Barcelona youth prospect recently entered the final year of his contract at Anfield and has so far rejected Liverpool's new contract offer to stay with the club.

Norwich have yet to make any fresh signings this summer but Alex Neil has tied down Steven Whittaker, Cameron Jerome and Graham Dorrans to longer term deals.

Meanwhile, Liverpool's Merseyside rivals Everton have jumped to the head of the queue in the race to sign Norwich City's Robbie Brady.

The Sun on Sunday report new Toffees' boss Ronald Koeman is weighing up a move for the Republic of Ireland international after claims last week City had slapped a £20m price tag on the Dubliner to cool interest from Premier League champions Leicester City.

Koeman's old club Southampton, along with West Ham, West Brom, Stoke City and Sunderland have all been touted with signing the 24-year-old this summer after embellishing his reputation by scoring two goals at Euro 2016 in the Republic's run to the last-16.

City have already sanctioned a club-record sale of Nathan Redmond to Southampton but Brady's departure would be expected to top that figure. The former Manchester United trainee has two years left on his current Carrow Road deal after moving to Norfolk for a reported £7m from Hull City 12 months ago,

The Sun on Sunday claim the new majority shareholder at Goodison Park, Farhad Moshiri, is ready to back Koeman with a mega money outlay in the transfer window this summer.