The 20 year old Columbian is lauded as the ‘next Cristiano Ronaldo’ and considered one of the best young attacking talents in Europe.
Reliable Dutch newspaper Elf Voetbal report Liverpool have placed a €28m bid – outbidding Man United who are said to have offered €25m.
Rodriguez scored an impressive 13 goals from 20 League appearances last season.
The player’s agent, Silvio Sandri is quoted by the Manchester Evening News explaining the situation as “complex”. He said: “Really there does not exist any big news about this, but it is a subject we need to analyse. “In a couple of weeks I will fly to Portugal and I expect to have a meeting with the Porto directors to discuss the situation. I cannot offer more details because it is a very complex subject.”