Liverpool are being linked with a part exchange deal that could see Nicholas Anelka move to Anfield.
The veteran French international forward has played for a number of clubs during his 16 year career, including Liverpool, and could return to Merseyside as part of a Fernando Torres transfer.
Liverpool are reportedly holding out for a fee in the region of £50 million from Chelsea for their star Spanish striker, but the Daily Mail claims the Blues will offer £38 million plus a player for 'El Nino'.
Daniel Sturridge has reportedly already been offered to the Reds as part of a deal, but The Metro claims Liverpool have 'named' Anelka as their striker target as a replacement for Torres.
Anelka made his name in England during two extremelly successful seasons with Arsenal under Arsene Wenger.
The Gunners chief brought the striker to Highbury for £500,000 in 1997, and the forward helped Arsenal to a double in his first year at the club.
Arsenal would sell the player to Real Madrid for £22 million (€25 million)in 1999, but the 31-year-old has made various returns to the Barclays Premier League with Liverpool on loan, Manchester City, Bolton Wanderers and now Chelsea.
Kenny Dalglish has been desperate to add firepower at Anfield this January, originally searching for an attacking foil for Torres. A fee has been agreed for Luis Suarez, but the Liverpool legend will need an instant replacement if he decides the club can accept an improved offer for the player.
It's for this reason that a part-exchange deal appeals best to Liverpool on deadline day, as opportunities to add players from elsewhere will be extremely limited closing into the final hours of the window.
Whilst the Blues are thought to be reluctant to lose Anelka, they could decide to let the former PSG player leave in an effort to bring a highly-anticipated partnership together with Didier Drogba and Torres.