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Liverpool have reportedly agreed a £30 million per year kit deal with Nike, but the proposed deal is worth £15 million less than their current New Balance contract.
New Balance currently pay Liverpool £45 million per year to be the club's official kit supplier, and they've matched Nike's terms in view to continuing their partnership with the Champions League holders.
But Liverpool have an agreement in place with Nike, though the offer is substantially lower than their current deal as well as contracts Chelsea and Tottenham have negotiated, which are believed to be in excess of £50 million.
The Reds are set to receive a guaranteed £30 million from Nike not to mention a star-studded marketing campaign.
LeBron James, who's part owner of Liverpool, Drake and Serena Williams will promote the new kit.
Liverpool are currently in a dispute with New Balance, who say their contract allows them to match any offer from another brand.
However, the European powerhouse want to end their deal with New Balance so they can ink a deal with Nike, which is driven by revenue opportunities.
Ahead of Nike potentially reaching an agreement with Liverpool, fans have produced concept kits and they look very, very smart. Via @MaxGraphics11.
Will Liverpool follow in the footsteps of Chelsea, Spurs and Brighton and link up with Nike?