Liverpool will offer Jonjo Shelvy to Blackpool on loan in order to secure the services of Charlie Adam, according to skysports.com.
The Reds have been chasing down Adam since his sensation performances caught the eye in the Premier League.
But with The Tangerines now relegated, Ian Holloway appears resigned to losing Adam, with Liverpool's offer of Shelvey, who made 21 appearances for Kenny Dalglish's side last season, likely to be too good to turn down.
Holloway's side have ambitions of getting back into the Premier League, and with the likes of Adam and DJ Campbell expected to leave the club, Liverpool's young asset Shelvey would be a valuable addition at Bloomfield Road.
With Blackpool reportedly demanding £10m for Adam, Shelvey is being used a sweetener in the deal that Liverpool are hoping will change the mines of the Championship side.
The Scot scored 12 goals in the Premier League last season and is believed to favour a move to Anfield.