Liverpool have submitted a formal offer for Atletico Madrid striker Diego Costa according to reports.

TalkSPORT cite speculation in Spain when claiming that the Reds have moved ahead of Arsenal in the race for the two-cap Brazil international who faces strong competition in the capital after the arrival of David Villa and Leo Baptistao at the Vicente Calderon Stadium.

Costa has a £21.8million minimum fee release clause in his contract the radio station claims and it’s unclear if Liverpool boss Brendan Rodgers will either meet the valuation or look to negotiate a lower price.

The Reds are fighting hard to keep Luis Suarez at Anfield this summer with the Uruguayan heavily linked with a move away from Merseyside.