Raheem Sterling will NOT sign the new Liverpool contract being offered to him, talkSPORT understands.
Reds chief Brendan Rodgers has described the deal as 'incredible', and claims the club will not be held to ransom by the 20-year-old's representatives.
The Anfield flyer has had the deal on the table for more than a month, but has yet to agree terms with the Anfield club.
Sterling has two years left on his current contract, and has attracted the attentions of European giants Real Madrid.
The Spaniards are ready to make a bid in the summer if a new contract cannot be agreed.
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