Liverpool are weighing up a move for Valencia striker Roberto Soldado, according to Metro.
The Spanish striker has scored 13 goals in 18 appearances this season, including a hat-trick in last week's Champions League group match against Genk.
His form has caught the eye of several European heavyweights, with Liverpool one of those considering launching a bid.
With Luis Suarez expected to be handed a rest after his exploits in the Copa America and Andy Caroll being restricted to playing from the bench, manager Kenny Dalglish may bring Soldado in as fill the void left by his Uruguayan forward.
Reports suggest that agreeing on the fee has been the stumbling block in the deal going ahead, with Liverpool director of football Damien Comolli believing purchasing a wide player would be better value.
Valencia are demanding a fee of £20 million, which for Liverpool, who spent over £50 million last summer bringing in both Suarez and Carroll, could provide too hefty a price tag.
The Reds may offer striker Suso, a previous target of the La Liga giants, as a make-weight for Soldado.