Liverpool are planning a bid for Sporting Lisbon defender Marcos Rojo in the summer, according to the Mirror.
The defender has come of age this season and played an integral part in their 1-0 win over FC Porto last weekend.
Liverpool scouts, who were present in the game were greatly impressed by his performance and is likely to recommend him to Brendan Rodgers who is on the lookout for a left-back in the summer.
The 23-year-old can also play at centre-back and will provide additional cover to the likes of Daniel Agger and Martin Skrtel should they get injured during the course of the season.
Liverpool's current left-back. Luis Enrique has been suffering from a knee injury and was out for most of this season, leaving Rodgers with no option but to deploy Aly Cissokho in that position.
However, with the Reds challenging for the title and having almost sealed a top four spot, Rodgers is likely to be handed a sizeable sum in the summer to expand his squad and make additional improvements, which will help them put in a concerted effort for the title and keep their Champions League spot intact for years to come.
The defender has greatly impressed for his club this season and is nailed on to take the starting spot for his country in the 2014 World Cup in Brazil.
However, it may be difficult for Liverpool to initiate a transfer given that the ownership of the player is divided between the club and a sports agency, which holds 75% of the share.
Meanwhile, Liverpool are preparing for the final stretch of the season as they look to win their first league title in 24 years.
Winning all their games may still not be enough for the Merseyside club, who are flying high after their 3-0 demolition of Manchester United.
The Reds are currently second in the league, level on points with Arsenal and four behind Chelsea with a game in hand.
The Reds host Chelsea and Manchester City at home in April, a string of fixtures which is likely to reveal the outcome of the season.