Former Aston Villa favourite Ian Taylor says a deal to take Stewart Downing to Liverpool could work if Joe Cole moved in the other direction.
The Reds have reportedly had a bid of £15 million rejected by Villa, but the club are expected to go back in for the winger with an improve offer of £19 million.
However Taylor believes a deal could be struck, if Liverpool included Cole in the deal.
“It would be a possibility providing the player is one that would interest the manager," he said
"Villa won’t want the player to leave but I think it’s gone beyond that and they should try and get as much money as possible for him.
“It’s a big, big blow losing two England internationals, Ashley Young and Stewart Downing, in a matter of weeks.
“It’s inevitable though that it was going to happen with the comments that Stewart Downing has made. Now we need to use that money that get other players in.”
Following Young's move to Manchester United, Liverpool's attention on Downing has swelled, with Kenny Dalglish keen to draft in a player capable of supping striker Andy Carroll next season.
With a deal for Charlie Adam now agreed, the signing of winger would represent the final piece in the Liverpool puzzle this summer.