Gerrard is reportedly looking to sign talented Portuguese attacker Otavio - but the prospective deal is already riddled with a number of awkward issues
The attacking midfielder has just enjoyed his busiest ever season with Porto and is admired in the Premier League.
Newcastle plan to make an offer for the exciting Brazilian, whose team-mate Otavio has been linked with a move to Liverpool
A Pedro move to Porto could give a reported Liverpool approach for a tough-tackling, assist king a timely nudge, TEAMtalk understands.
The Whites are being strongly linked with the Portugal star, though reports claim Liverpool are planning a counter-offer of their own
Otavio is Porto's highest paid player and could be viewed as a potential replacement for Raphinha.
Looks like a move to Germany is off the cards for an unhappy Cristiano Ronaldo this summer, while Arsenal and Newcastle both want a Ligue 1 midfielder.
Liverpool could sign a quality playmaker for a bargain £35million before the end of July, while Newcastle are close to signing a Man Utd star
Liverpool could once again do business with Porto in the transfer market, for someone who could feasibly replace Salah or play in midfield
The Reds and Porto could well trade players this summer - but any transfer will be done as separate business and not as a swap deal
The Reds have been given further encouragement that the man they want to replace Wijnaldum can move to Anfield this summer
Liverpool could yet get a discounted price for a star target after one of their rivals left the player's club with a financial hole to fill
Liverpool have been tipped to launch an imminent 'attack' on a midfield target to prevent the cost of the prospective transfer from rising.
The Reds have only a few days to snap up a star midfielder for a discount, with the player reportedly having admiration Anfield admiration
Soon to be a free agent, the attacking midfielder is attracting interest from all over Europe