Barcelona rival Liverpool for Real Madrid's Owen

Liverpool have been put on red alert after Michael Owen reportedly gave Real Madrid a play-me, or sell-me ultimatum.

The Mirror says Owen has had enough of the empty promises from new coach Wanderley Luxemburgo and is ready to tell the club that either he plays or he moves on in the summer.

And despite continuing interest from the Premiership, if Owen does quit Madrid he could remain in Spain with Barcelona preparing another bid for the 25-year-old at the end of the season.

Owen had decided to get his head down and work hard for a starting place, after being given assurances by Luxemburgo.

But promises made only weeks ago have been broken, and the situation has come to a head, after the Real coach suggested just before the weekend the time had come for Owen to be given a run.

His advisors will go to club president Florentino Perez and make his position clear.