Manager Brendan Rodgers has quashed speculation linking Derby midfielder Will Hughes with a move to Liverpool.
The Reds have been heavily linked with the 18-year-old midfielder, who has hugely impressed Rodgers.
"I read we had put in a bid or something had been agreed but there has been nothing," said the Liverpool boss.
"I think he is a wonderful young talent who just needs to play football and for me he is probably at the best place he could be."
He added: "I don't normally comment on speculation but [I will] because I have the interest of the player at heart."
Hughes, who came through the ranks at Derby, scored in England U21's 9-0 win over San Marino in midweek.
"This is a very talented young player that either a person or a group of people aren't doing him any favours whatsoever by constantly linking him with coming to Liverpool," said Rodgers.
"This is a young kid learning the game - he is at an outstanding club at Derby, he has a great manager there and we sent one of our young players [Andre Wisdom] there to develop and learn."
Hughes, who joined the Rams from local rivals Nottingham Forest at the age of 12, made his first team debut in November 2011 as a 16-year-old.
So far this season he has made 18 appearances for the Championship side, scoring four goals.