The Sunday newspapers have been full of speculation that Bolton's Greek International Stelios Giannakopoulos is set to be Rafa's seventh signing of the summer, but Bolton boss Sam Allardyce says there has not been a bid from Liverpool yet.

The 31-year-old Greece international, who is currently in talks over a new deal, has been linked with the Reds.

"We don't want to lose him, but my chairman assures me Liverpool have not made a bid for him," Allardyce told BBC Radio Five Live's sportsweek.

"So we can just hope it's speculation. He was very valuable for us last year and had a great season for us."

The Greece winger, who scored five goals in 11 league games at the end of last season, has one year left on his current Wanderers contract.

"I'd feel let down if he moved to Anfield, but these things happen in football," Allardyce added.

"He's proved everyone wrong since he came back from Euro 2004, but if someone can bid so much money you can't resist it. And life moves on, that's football."

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