Liverpool continue to track Sporting Lisbon's Pedro Gonçalves after making "informal" contact in the January transfer window.
The Reds could be set for a busy summer as they look poised to relinquish their Premier League crown.
A host of injuries this term has laid bare the lack of depth in Jurgen Klopp's squad.
Failure to have sufficient back-up options in attack has been an issue and Goncalves could be seen as a remedy.
The Portuguese star has scored 14 times in 15 league games this term for a Sporting side that currently sit at the summit of the table.
According to Record they are already bracing themselves for offers but are determined to retain the player.
The same outlet claims that Liverpool continue to be "very attentive" as they consider a bid.
Sporting though have the safety net of a €60m release clause.
Liverpool have tended not to spend that sort of money on new additions, but they may be forced to reassess their transfer policy
The Portuguese club will also have to factor in a 50% sell on fee that will have to be given to Goncalves former club Famalicao.
Former Red Graeme Souncess, following their loss at the weekend, suggested that Liverpool should've invested heavily last summer in order to build on their league success.
"When you're at the top of the tree, that's when you go and invest big," he said.
"I would think if you're the current champions, European champions year before, I'm sure you could find a bank willing to support you. That's the time to invest.
"They musn't feel sorry for themselves. They should not talk about the players that are unavailable to them, they should talk about the players available.
"That's what Liverpool have always done. I think they will finish in the top four but nothing is a formality.
"There's no point saying we've been to two Champions League finals and won one, that counts for nothing. I hope the staff will be reminding them that."
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