Dani Alves could have signed for Liverpool before a deal was called off for financial reasons, former Anfield CEO Rick Parry has told the BBC.
Alves, who is expected to join Manchester City from Juventus over the summer, had been a target for ex-Liverpool boss Rafa Benitez when he was still playing for Sevilla.
But Parry said a move failed to materialise because the club decided to spend the money on two players rather than one.
He told BBC Radio Merseyside: "We had the deal -- finally, after enormous complications -- tied up for Dani Alves and then the decision was should we buy two players or should we spend all of that on a full-back?