Crystal Palace have offered Liverpool £19m plus add-ons for striker Rhian Brewster, according to reports.
The forward has been the subject of fierce transfer interest this summer following his hugely successful loan stint at Swansea City last term.
The 20-year-old netted 11 times in 22 appearances for Steve Cooper's side, who reached the Championship's play-offs in dramatic fashion last season.
Having returned to Merseyside in the summer, Jurgen Klopp has been able to cast his eye over the frontman ahead of the 2020/21 season.
Swansea had been keen to secure a second loan for Brewster, although the Reds have assessed a number of options for the England Under-17s World Cup winner.
Sheffield United recently contacted Liverpool over the young forward, although Sky Sports now report Crystal Palace have made an offer to sign Brewster on a permanent basis.
They say Palace have offered a transfer sum worth around £25m once add-ons are included, with Liverpool set to have a buy-back clause for a fee of £37m as part of the deal.
Brewster featured in Liverpool's pre-season matches against RB Salzburg and Stuttgart before coming on as a late substitute in their Community Shield loss to Arsenal at Wembley, with the striker missing a spot-kick in the penalty shootout.
The Englishman was not included in the Reds' squads for their Premier League triumphs over Leeds United or Chelsea.
It comes after Sheffield United boss Chris Wilder publicly stated the Blades had approached Liverpool over a potential deal for Brewster.
On Friday, he said: "Rhian is one we have talked about and talked to Liverpool about.
"We're looking to bring another one in at the top end of the pitch."