Luis Figo’s agent says that the player’s proposed move to Liverpool is dependent upon Real Madrid dropping their demand for a transfer fee.

Figo has agreed personal terms with Liverpool and was poised to sign, but Real are reported to be looking for a £2m fee for the Portuguese international.

“An agreement exists with Liverpool, but the decision rests on Real,” said agent Luis Douens.

“If they want money I believe it will be hard.”

Figo has a year left on his contract at Real,