The Sun reports that the Reds have been subject of a transfer ultimatum from the Ukrainian side.
Liverpool face competition from the likes of Bundesliga side Borussia Dortmund in the race for the 24-year-old.
Dortmund have reportedly made a £19.5million bid for Mkhitaryan.
Shakhtar Donetsk chief executive Sergei Palkin said: “I don’t know where Mkhitaryan is now, solely his agent knows this.
“Borussia offered £19.5m. I contacted Mkhitaryan’s agent on Tuesday. I wrote to him about the club’s position. We are prepared to sell for £25m.
“This offer stands for the next 10 days. If Mkhitaryan wishes to leave, they have to pay this amount for him.”
What is your opinion? Feel free to discuss the article under. You have to comment by using your Facebook profile. Be fair and have respect for other people and opinions!
Chelsea have struggled to build momentum in the opening stages of the campaign and are currently looking over their shoulders at the relegation zone.
Who of Europe’s top strikers will move to England this summer?