SAM Allardyce has responded to speculation linking Stelios with European Champions, Liverpool, by revealing he plans to offer the Greek international a new contract.

The Wanderers boss says he is not aware of any interest from Anfield in the 30-year-old winger, despite strong rumours in the Greek media that Reds boss Rafa Benitez is lining up a £1m bid.

But he confirmed that Stelios is on a list of players he regards as "valuable assets" and whose current Reebok contracts are under review.

"I'm not sure what Liverpool are doing, but they seem to be linked with everybody at the moment," Allardyce said.

Wanderers chairman, Phil Gartside, has already issued a "hands off" warning to Liverpool, insisting Stelios is under contract and not for sale, even though the player's representatives have suggested they may be in a position to trigger a get-out clause in his three-year contract.

Now Allardyce has gone further, revealing that Stelios is one of five players he is hoping to tie up on improved deals this summer.

Goalkeeper Jussi Jaaskelainen and defender Radhi Jaidi have agreed new deals, although contracts have still to be signed, while the manager is also hoping to put young defenders, Tal Ben Haim and Nicky Hunt, on better terms.

"I said at the end of the season that I wanted to put those deals to bed before I did anything else," Allardyce said, "but, for one reason or another, we haven't been able to do so. It's a problem."