Swapping sides: Paul Konchesky (left) joining Fernando Torres (right) at Liverpool
Liverpool threw in two promising youngsters, Lauri Dalla Valle and Alex Kacaniklic, to help clinch the £4million capture of Fulham left back Paul Konchesky.
The teenagers had medicals yesterday at Fulham, who also concluded a £2.25m deal for PSV Eindhoven defender Carlos Salcido.
Dalla Valle, 18, is a promising Finland Under 19 striker and Swede Kacaniklic, 19, is a midfielder.
The Liverpool manager has already committed over half of the money generated by the sale of Javier Mascherano to the signings of Raul Meireles and Paul Konchesky. And his sights have now turned to bringing in top-class striking reinforcements.
Peter Crouch had become his No 1 target but it is now clear that Tottenham boss Harry Redknapp will not part with the England striker.
Kenny Dalglish was despatched to watch PSV forward Ola Toivonen last weeked but there is a feeling that - at the Dutch club's asking price of £13million - the Swede is over-priced.
Toivonen is still on the club's radar but Hodgson will now focus on Cole, who has endured a tough start to his West Ham season.
Hodgson will offer cash plus a couple of players and might even be prepared to do a deal that would take Ryan Babel to Upton Park.
Midfielder Lucas is certainly one that would be available to become a makeweight in any deal.
West Ham have said Cole is not for sale but the News of the World understands they would take a fee of around £10million.
Hodgson could get that sort of money together as he has been given licence to spend the Mascherano fee - in excess of £20m - and a bit more.
But the Liverpool chief would prefer to offer West Ham a player-plus-cash deal for the 26-year-old striker. If that was accepted, Hodgson would have funds to add another player or two to his squad.
As well as a striker to provide much-needed assistance for Fernando Torres, Hodgson believes that he needs another midfielder - especially as they have now reached the demanding group stages of the Europa League.
That is why he did not countenance a possible sale of Dirk Kuyt, even though the Dutch player's agent had clearly been busy with his European contacts.
Liverpool were upset with former Kop boss Rafa Benitez for unsettling Kuyt.
The Spaniard's original Anfield contract - seen by the News of the World - included a specific clause, outlawing him from 'directly or indirectly' soliciting Liverppol players for a six-month period after his departure from the club.
Anfield sources suggest the clause remained even after he signed a new deal. Kuyt could still yet leave Anfield. It will not be in this transfer window but Liverpool might be tempted to sell at the right price in January.
A bid in excess of £10m would certainly test their resolve to hold on to the Dutchman.
As Argentine midfielder Mascherano was completing the formalities of his move to Barcelona, Hodgson wasted no time in beginning his late outlay.
After enquiries about Real Madrd midfielder Mahamadou Diarra came to nothing, Hodgson turned to 27-year-old defensive midfielder Meireles, whose arrival from Porto should be rubber-stamped today - along with the £4m signing of Konchesky from Hodgson's former club Fulham.
Indeed, Liverpool have confirmed a fee has been agreed for Meireles with a routine medical set to be completed soon.
In demand: Carlton Cole (right) is a target for Liverpool and Sunderland
West Ham have rejected Liverpool's opening offer for Carlton Cole but have lined up Brescia target man Andrea Caracciolo as back-up.
Liverpool are willing to offer £7million and have even discussed a straight swap involving Ryan Babel but West Ham want at least £10m straight cash for 26-year-old England striker Cole.
Caracciolo, 28, will be familiar to West Ham fans after he scored against the club for Palermo in the UEFA Cup in 2006. He is 6ft 4in tall and could join on loan if Liverpool improve their offer.
Bayern Munich striker Mario Gomez, 25, will decide on a move to Merseyside this morning.
Sunderland, meanwhile, are also interested in Cole but fear he will choose Liverpool ahead of them.
Chairman Niall Quinn hopes to wrap up an £8m deal for Rennes striker Asamaoh Gyan but Steve Bruce would still like one more addition.
no want cole can?
Pool need English, and up to date, they only got 5 and 6 if Konchesky joins them... So they need 2 more to make the 8 quota. If cannot get 8, 7 also can lor... At most, put up 24 men squad instead of 25 lor...
Next time buy Pool jersey, just put the name down as Cole, don't put number... Can work for 2 players... lol.
Hard-up Hammers drop price for Liverpool, Fulham and Birmingham target Cole
 
 
Hard-up West Ham have dropped their price on England striker Carlton Cole as they look to offload him in a last minute deal.
Liverpool boss Roy Hodgson is keen on Cole while Fulham and Birmingham have also tracked him this summer but West Ham have yet to receive any acceptable offers.
That has prompted West Ham owners David Gold and David Sullivan to lower the price to below £10m in an attempt to push a sale through.
Hammers boss Avram Grant is desperate to strengthen his squad after three straight defeats in the Premier League has left the club in a desperate situation.
hmmm
try that Ukranian ba
roque santa cruz