Erling Haaland is one of European football's brightest talents
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Although the player's transfer fee would be just £75m due to his release clause, reports claim his salary and agent fee would add an extra £200m to the deal.
Despite this, Manchester United legend Ferdinand believes the striker should join Liverpool – rather than his former side or Pep Guardiola's champions – because he's more suited to manager Jurgen Klopp's style of play.
"I think he suits other teams better [than Man City]," Ferdinand told BT Sport on Wednesday. "If I was Liverpool I would take him right now.
"If he goes to Liverpool that’s a devastating front three. I don’t think it’s as hard for him to adapt if he goes to Liverpool. It’s a different system.
"You see Jack Grealish has gone to Man City, [he is a] top player, brilliant player, we all love watching him, but it’s quite hard to adapt and get into that team.
"Not many players go there and adapt immediately."
Manchester United legend Rio Ferdinand believes Haaland would suit Liverpool's style of play
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Although Dortmund are just one point behind holders Bayern Munich at the top of the Bundesliga, they were unceremoniously dumped out of the Champions League on Wednesday night.
The German outfit suffered a 3-1 defeat at Portuguese champions Sporting Lisbon to drop into the Europa League in the new year.
In contrast to Ferdinand, Michael Owen believes City is the right club for the Norwegian.
His dad Alf-Inge played for the reigning Premier League champions between 2000 and 2003 and Owen, who of course played for both United and Liverpool, said: "When Liverpool are at their best they leave a hole up front in the centre.
"[Roberto] Firmino or [Diogo] Jota will come off [for] those runs inside. I’m not sure Salah would get as many goals if Haaland was in the team.
"It’s an unbelievable prospect but I would’ve thought that Manchester City would be the likeliest.
"I’m not sure if there is a bit of bad blood between Haaland, his agent, obviously his dad playing against Roy Keane at Manchester United.
"I’m not sure Manchester United would fit. [Romelu] Lukaku has just gone to Chelsea and I’m not sure if would fit at Liverpool. Personally I think Man City."