Manchester United and Liverpool have been told they must meet Ivan Rakitic's release clause of £33m if they are to sign the Sevilla skipper.

The Croatian midfielder has openly admitted that he is growing frustrated at Sevilla with lack of silverware and success, despite the La Liga outfit trying to silence interest from the Premier League.

Rakitic only has a year and a half left on his current contract and Sevilla could be forced to sell their key asset as a last chance to claim big money, just as they managed with Alvaro Negredo, Jesus Navas and Geoffrey Kondogbia in the summer.

But club president Jose Castro is confident of keeping the 25-year-old at the Ramon Sanchez Pizjuan Stadium.

"Ivan Rakitic has a year and a half of his contract remaining. I have absolutely no doubts that we're going to reach an agreement with him," Castro said speaking at a Sevilla Supporters' Club meeting.

Source: Daily Express