Alexander Isak has told Newcastle he still wants to leave for Liverpool despite the intervention of club chairman Yasir Al-Rumayyan and a meeting with co-owner Jamie Reuben.
Liverpool are believed to be prepared to make an increased offer after the opening £110m bid was rejected, but are waiting for encouragement from the Newcastle board.
However, they are unwilling to make another offer if there is no hope of it being accepted and will not pay anything close to Newcastle’s £150m asking price.
Isak's future could determine whether it will be Liverpool or Newcastle making a move for Juventus' 25-year-old Serbian striker Dusan Vlahovic. Who blinks first?