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Blackpool skipper Charlie Adam has handed in a transfer request.
The 25-year-old Scotland international asked to leave after the club rejected a £4m offer from Liverpool.
Seasiders boss Ian Holloway said if Liverpool come back with an acceptable offer, it would be up to his chairman Karl Oyston whether to sell him.
"[Liverpool] have to come up with the right amount of money," said Holloway. "I don't want to stand in his way, but they have to put up or shut up."
Holloway revealed Oyston had taken a call from Liverpool director of football strategy Damian Comolli on Sunday night.
"He [Comolli] ummed and aahed and apparently did not make much sense," stated Holloway, who also confirmed he had given no thought to leaving Adam out of Tuesday's game with Manchester United.
"Not a chance," he added. "If I tried to stop that boy playing against Manchester United, he would probably kill me.
"Charlie loves this club and just because he puts a transfer request in doesn't change that."
Holloway said at the weekend that the Seasiders had rejected offers from three clubs for Adam, who has 18 months left on his contract.
Holloway claimed that Birmingham and Aston Villa were the other clubs to have expressed an interest in the player.
Adam joined the Seasiders from Rangers for £500,000 in August 2009 and has scored four goals so far this term.
Holloway has admitted that the midfielder could be the difference between his team staying in the Premier League or getting relegated.
Blackpool have so far made a mockery of pre-season predictions they would struggle on their return to the top flight for the first time in 39 years.
Adam has been a key figure, converting penalties in wins over Liverpool, Newcastle and West Brom, and his team are currently 11th in the Premier League.
Holloway has admitted in the past that he might have to let Adam go if the price is right, but believes the player would be better off staying with the club until the end of the season.
Meanwhile, Villa manager Gerard Houllier has accused Holloway of double standards in his attitude towards Adam's proposed transfer.
Houllier believes the Blackpool manager has singled him out for criticism, despite several clubs making approaches for Adam.
"I noticed this weekend that I was not treated the same way as my friend Kenny Dalglish," Houllier said.
"Ian said "it must not come from Kenny" when Kenny makes a bid, "it comes from the club".
"He called me all sorts of things because our club, officially, did the right things, and went to them," claimed the Frenchman.
Last week, Houllier complained that he was singled out for criticism by the Sunderland boss Steve Bruce over the transfer of Darren Bent because of his nationality.
