Liverpool and Juventus have been put on red alert after Bologna president Albano Guaraldi conceded that long-term target Gaston Ramirez will be free to leave the club this summer.
According to insidefutbol.com, the 21-year-old Uruguayan international is happy at the Rossoblu and is by no means pushing for a move, but with interest thought to be high in the attacking midfielder, an exit looks increasingly likely.
Liverpool will face stiff competition from Italian giants Juventus for his signature, but will be hoping that the lure of the Premier League will be enough to convince Ramirez to snub a switch to the Old Lady.
The South American is under contract at Bologna until 2016, but despite his long-term agreement with the club, will be allowed to leave if the price is right for the Serie 'A' outfit.
"It depends more on Ramirez than us, you know the agreement we have with him," said Guaraldi. "If he receives an offer at the end of the championship, then we'll let him go.
"In January we had proposals, but we didn't consider them and neither he, nor his agent, spoke out about it.
"We understand his desires and expectations and even if things are as they are at the moment it's impossible to say no to big clubs that are the dream of all players."
Liverpool have been big spenders in the transfer market since Dalglish's return to Merseyside a little over a year ago, and if they are serious about signing Ramirez than there appears to be little that stands in their way.