Liverpool announced the signing of highly-rated English midfielder Harvey Elliot in July on a free transfer. However, it appears that the Fulham have dragged the club to a tribunal over a compensation fee.

Reports from England says  thatFulham have taken Liverpool to a tribunal after failing to agree on a transfer fee for Elliot.

The Championship outfit is demanding a compensation fee of  £10 million for his service as well as a sell-on percentage for the 16-year-old.

The demands of Fulham surpasses the  £8 million fee  that the Reds paid to Burnley for Danny Ings in 2015.

Elliot is regarded as one of the best teenage players  in England and much is expected from the youngster. It is understood that the coaches at Anfield believe that he has the ability to develop into a quality midfielder.

Fulham believes that £10 million represents a fair value for the youngster who has been likened to Steven Gerrard due to his ability to shoot from distance.

Elliot was one of the youngest players to debut in the Premier League last season with Fulham. It is understood that Liverpool could loan the youngster to a lower league side this season.

Rangers have also been speculated as a destination due to the presence of Steven Gerrard at the club’. However, Elliot is seen as a youngster and the club do not want to put him in a club with high demands.

Liverpool were quiet in the summer with the club failing to make any big-money moves in the window.

Klopp is satisfied with the quality of players he has and wants to add talented youth players that could develop and make their way into the first team.  This is not surprising considering the spending spree embarked in the past three windows.

If Elliot can develop into a quality player, the £10, million fee would be seen as a bargain.