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Liverpool chief executive Rick Parry has confirmed Real Madrid asked for an option to sign Steven Gerrard and admitted he would not stand in the midfielder's way, if he asked to leave Anfield.
Gerrard has been the shining light in a season of frustration for the Merseyside giants, leading the club to the Carling Cup final with some dynamic displays.
With Liverpool struggling in The Premiership, there are fears the club have left it too late to reach a UEFA Champions League place.