A Chinese consortium is interested in buying a stake in Liverpool Football Club, which would value the club at around £700 million.
Reports suggest that the club may have already received an initial offer, although it is thought to be unsolicited.
The Financial Times reported that Everbright, a Chinese state-owned firm and private equity PCP Capital Partners were the main players in the consortium.
However, Liverpool chief executive Ian Ayre, said: "There is no bid and we have no ongoing investment discussion of any kind with anyone."
Liverpool was bought in 2010 by US firm Fenway Sports Group for around £300m. And Deloitte places the club as the world's ninth richest.
China has splashed out millions of pounds to boost its involvement in football around the world. The January transfer window saw the start of big bids for some big names.
In December, City Football Group, Manchester City's parent company, sold a 13% stake to a Chinese firm for £265m. Earlier this month, a Chinese investment group bought the controlling 88% stake in West Bromwich Albion from owner and chairman James Pearce.