Liverpool are planning to offer Andy Carroll in exchange for Newcastle United striker Demba Ba, according to The Mirror.
The Senegalese striker has helped propel The Toon into sixth in the Premier League having netted 15 goals since his summer arrival from West Ham United.
His form had seen him linked with a move to Manchester United, however new reports now suggest Liverpool will join the race for the Newcastle forward come the summer transfer window.
With the striker away on African Nations Cup duty this month, a deal is unlikely to be struck in this window, therefore the Anfield club will wait until the summer to lodge a bid for the 26-year-old.
Any deal for Ba could see under-fire forward Andy Carroll return to St James' Park, after a wretched 12 months on Merseyside.
It's the second deal involving Carroll to be lodged within a week, following reports claiming The Reds had lined up a sap deal involving Manchester City misfit Carlos Tevez.
Carroll scored 11 goals for Newcastle during the first half of last season before his £35 million deadline day move to Liverpool.
The Magpies have already brought in Papiss Demba Cisse during the January transfer window from Freiburg, while Liverpool have yet to spend after a 12 months which has seen nine new players join the club.