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Published 09:34 3 Apr 2015 BST
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Liverpool believe the player's agent Aidy Ward has misjudged the situation, and that even if a club had the resources, or the will, to pay such a overall fee, such as Manchester City, Uefa's Financial Fair Play regulations dictates careful allocation of financial resources.
The club employed a similarly hard-line stance with former striker Suarez in 2013, refusing a £40 million offer from Arsenal, despite the player publicly stating he wanted to leave.
Suarez was banished to the reserves for deploying a poor attitude, recalled, had his best season for the club and was sold the following year to Barcelona for £75 million.
Liverpool believe Sterling has some way to go before reaching the levels Suarez hit during his time at Anfield and are adamant he will not be sold this summer.
At his press conference yesterday, Brendan Rodgers said: 'I cannot speak for the owners, but I have a good idea of what they would do. I know them well enough from my time here and for me it [a sale] would not happen. I do not see it. No. Raheem has 2½ years left on his deal and he’s not going anywhere in the summer'.
'Liverpool are one of the superpowers of football and if the owners don’t want to sell they don’t have to. The concentration should be on his football. If his ambition is to win trophies, that’s aligned with what we want here'.Live sport on TV in Ireland this weekend – Football, GAA, Rugby – June 12-14th
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