Alberto Aquilani's agent expects to be in a position to make a decision regarding his client's future 'within the week'.
The Italy international remains on the books at Liverpool and is contracted to the Premier League side until June 2014.
He has, however, been deemed surplus to requirements at Anfield in the each of the last two seasons, allowing him to take in loan spells at Juventus and AC Milan.
Reports suggest he could secure a permanent return to his homeland this summer, with a number of clubs said to be keen on acquiring his services.
He is waiting to hear what Liverpool, under new boss Brendan Rodgers, have planned for him before deciding which path to tread.
"We had a meeting with English executives but for the time being, nothing has emerged," Aquilani's representative Franco Zavaglia told www.ilsussidiario.net.
"We expect a response from Liverpool which should arrive within the week."
Speculation in Italy has suggested that Liverpool are prepared to terminate Aquilani's contract, freeing him to link up with Milan as a free agent.
Zavaglia added: "There is absolutely no possibility that Aquilani can become a free agent in order to then decide what to do.
"I don't know if he wants to stay at Milan, we shall see. We just have to wait and see what happens and what Liverpool decides."