Liverpool ends its interest in Van Dijk, regrets 'misunderstanding'

In a sensational turn of events, Liverpool has abandoned its pursuit of Southampton defender Virgil van Dijk and apologised to the south coast outfit for any "misunderstanding" regarding its negotiations for the Dutchman.

On Monday, reports emerged claiming Van Dijk had selected Anfield as his next destination in a £60-million deal.

But Southampton took the matter to the Premier League, believing the Reds had made an illegal approach for the 25-year-old.

Liverpool revealed its remorse in a statement Wednesday:

Liverpool Football Club would like to put on record our regret over recent media speculation regarding Southampton Football Club and player transfers between the two clubs.

We apologise to the owner, board of directors, and fans of Southampton for any misunderstanding regarding Virgil van Dijk.

We respect Southampton's position and can confirm we have ended any interest in the player.

Southampton hasn't dropped its complaint to the Premier League, according to The Telegraph's Jeremy Wilson, which could mean an official inquiry is forthcoming.

Liverpool's decision to withdraw from negotiations may have some connection to the club's recent ban on signing youth players. The Premier League dished out a £100,000 fine and a two-year suspension to the Merseyside outfit after an investigation determined inducements were offered to a former Stoke City academy player.

The culture of tapping up players has recently become a hot topic, especially as clubs race to sign teenagers from nearby academies. It is essentially the act of tampering with and offering enticements to a player who is under contract, although it is a widely accepted practice in European football.

Wednesday's dramatic U-turn could lure previous suitors Chelsea and Manchester City back into the race for Van Dijk, who has five years remaining on his contract at St Mary's.

Southampton chairman Ralph Krueger put on record his desire to keep club captain Van Dijk, even admitting he would turn down a bid as high as £60 million for the centre-back.