Probably not but that's what is being quoted for him. I would personally put that price tag on him. People seem to forget just how much of a prospect he is. He's only 20 years old and it seems that both Liverpool and England rely on him so much. Yes his performances haven't been amazing this season but there's no doubt the kid is gonna be a top player.
I would keep hold of him until that price is met, and he can rot in the reserves for all I care if he continues to throw his toys out of the pram.