Reports in Italy claim Liverpool are preparing a big bid to bring Juan Manuel Vargas to the club.
The Fiorentina full back has recently emerged on the Reds' radar, with speculation earlier this month that Kenny Dalglish was ready to make a €13 million move to bring the player to Anfield.
Vargas immediately dismissed the speculation, stating that he was focused on the Viola and willing to see out his contract with the Serie 'A' side.
"The rumours do not interest me," he told Tuttomercatoweb.
"I am under contract with the Viola and I intend to respect it."
However, the same website now reports that Liverpool are ready to make an increased offer for the player, who can play in both the left back and left wing positions.
Fiorentina have struggled to mid-table in Italy this term, and the Daily Mail claims they are ready to sell key players in a bid to fund several squad changes in the summer.
Dalglish is known to be in the market for a replacement for Paul Konchesky, who is currently on loan at Nottingham Forest and set for a permanent Liverpool exit in the summer.
Fabio Coentrao, Taye Taiwo and Jose Enrique have all been linked with the Merseysiders, and now Vargas is another name to add to the list with the report claiming a €20 million bid could be made to bring the player to Anfield.
Real Madrid are also believed to be interested in signing the player, and Liverpool could face stiff competition from elsewhere across the continent in the race to sign the Peruvian international.