Roy Hodgson has is lining up a double swoop for young English aces Matt Jarvis and Phil Jones, according to the Metro.
Jarvis, who is a winger at Wolves, has been touted as a possible surprise contender for a maiden England call up while Blackburn defender Jones has been linked with Chelsea recently.
Roy Hodgson has been trying to build a nucleus of English players at Anfield and has earmarked youth development as the way to go for Liverpool in the transfer market.
The former Fulham boss has already brought England internationals Joe Cole and Paul Konchesky to Anfield and wants to add some younger legs to the squad.
Liverpool chairman John W Henry has insisted the club will change their transfer policy of buying big money players in favour of a more ‘sensible’ approach.
It looks as though this will come straight into effect and they have been linked with the likes of Keisuke Honda, Ibrahim Afellay and Omri Altman over the last couple of days.
Wolves boss Mick McCarthy, though, has insisted Jarvis is happy at Molineux and the club are not looking to cash in on their star player.
“He isn't going anywhere. We want to get results and if we are doing well there will be no desire to leave if one of the big boys come in for anybody,” he said.
“It happens at every club and we'll deal with that if it comes along. At the moment we are all thrilled with him and he's enjoying his football.”
Blackburn centre-back Jones, on the other hand, has come on leaps and bounds in the last year and has established himself as an important player at Ewood Park.
Manager Sam Allardyce will want to take a similar line to McCarthy but, with just £5 million to spend he may need the money if a big offer from Chelsea came in – and the chance for Jones to play at Stamford Bridge and learn from former England skipper John Terry could be too good to turn down.