Liverpool Suffer Crushing Blow in Pursuit of Midfielder Dani Parejo

Liverpool have suffered a massive blow close to completing the signing of Dani Parejo after millionaire Peter Lim bought Valencia.

The Singapore businessman recently completed his takeover of the former Champions League finalists and is expected to be named new owner.

Valencia have being forced to sell their main stars in recent years, including Juan Mata to Chelsea, David Silva to Manchester City and Roberto Soldado to Tottenham.

And with Brendan Rodgers' side reportedly set to meet Parejo's £20.3m release clause this summer, it looked like the midfielder was going to be the next Valencia star to leave the Mestalla.

However, Lim's arrival has drastically changed the situation as he is keen not only on investing €60m to bolster the squad with new acquisitions but also bent on keeping Valencia's most valuable players.

Valencia president Amadeo Salvo recently revealed the club had received offers for Dani Parejo, with reports claiming that both Liverpool and Atletico Madrid were battling for his services.

But now Salvo has warned other clubs interested in any Valencia player they will have to meet the release clause and convince the footballer to leave La Liga.

"With Peter Lim Valencia start a new era, now we will not need to sell players so any club who wants a player from Valencia will have to pay the clause," he was quoted by SuperDeporte.

Parejo has proved to be a sensation in La Liga this season grabbing five assists and four goals in 26 starting appearances, including one against Barcelona and another against Real Madrid.

The former Real Madrid midfielder has a contract at the Mestalla stadium until June 2016 with a £20.3m release clause.

But even if Liverpool meet his valuation they will need to convince Parejo to leave the club after Lim's exciting plans to re-establish Valencia as one of La Liga and in Europe's most formidable prospects.

Brendan Rodgers is looking to bolster Liverpool's midfield for next season and Parejo has reportedly been his main summer target alongside Southampton youngster Adam Lallana.