Porto attacking midfielder Otavio is being targeted by Liverpool, Valencia and Fiorentina, according to reports in the Portuguese media.

The Brazilian was linked with a move to the Premier League in January, with Arsenal keen on signing the playmaker on a free transfer, but he has since signed a new contract extending his stay with his current team beyond the end of the season until 2025.

That doesn’t mean that Otavio won’t leave Porto this summer, though. It is believed a release clause was included in the new deal, which means he can be signed for €40m (£34m), but only if a bid is made before the start of next month.

The buyout fee will go up to €60m (£51.6m) in July so Liverpool don’t have much time to make a move if they are interested. It is thought that the midfielder would favour a move to Anfield above other clubs so the Reds have a big chance of securing his signature.

Otavio scored five goals and provided 12 assists in 42 appearances for Porto last campaign, and he can play anywhere in midfield as well as on the wing.