Sky Sports News sources understand Liverpool will hold talks with Blackpool's Charlie Adam later this week.
The Scotland international has long been a target of the Anfield club and they failed in an attempt to agree a deal in the January transfer window.
Liverpool manager Kenny Dalglish's interest in his compatriot is not thought to have ended and he is again attempting to secure the playmaker, with Sky Bet suspending their market earlier on Monday.
Sky sources understand discussions will consequently take place with relegated Blackpool and Adam later this week.
The Reds have already signed Jordan Henderson from Sunderland and are expected to continue to remodel their squad this summer.
Ongoing interested in Adam, who suits Fenway Sports Group's policy for young, British players, adds to the uncertainty surrounding Raul Meireles.
Despite a promising debut season in the Premier League, it has been speculated that the 28-year-old could be sold due to his age and doubts about his fitness.