Liverpool ready to offer £12m for Manchester City's Michael Johnson

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It is the Liverpool boss's third attempt to take the 20-year-old midfielder to Anfield and evidence that the Spaniard is intent on building up his squad, despite the shadow of power politics that is threatening his long-term tenure.

Leaving? City star Johnson (front, right)

Liverpool renewed their approach to City in the past few days and negotiations are at an advanced stage, with Johnson's heart set on a switch that was first mooted about a year ago.

Benitez is committed to capturing Johnson whether or not Sven Goran Eriksson succeeds in tempting Peter Crouch to Eastlands in a swap proposal that was set up to take place in January.

The exchange was put on ice when Johnson underwent surgery on a groin injury and Portsmouth have since mounted an attempt to lever Crouch from Eriksson's grasp.

But Benitez wants Johnson anyway and will offer either straight cash or players in part-exchange.

Johnson was the subject of a bid by Benitez last summer, but the deal was blocked by Eriksson.

The player remains desperate to move to Anfield, despite having three years left on his City contract.

City will offer Johnson an improved contract, but the youngster is determined that he will be playing Champions League football next season.