Liverpool are set to make an offer of £8 million for Max Meyer, the Schalke starlet who impressed hugely in the Bundesliga last season.
This information comes courtesy of reports from Meyer's native Germany cited the Metro, which claim that the Reds have been keeping a close eye on the 18-year-old over recent months and believe that Brendan Rodgers will make his move prior to the weekend.
Meyer enjoyed somewhat of a breakthrough campaign at the Veltins-Arena last season, with the diminutive playmaker proving that he is more than capable of holding his own in the Bundesliga with six goals and several assists in 30 outings.
As a young and talented attacking talent with an abundance of technical quality, Meyer would appear to be the perfect fit for Liverpool and particularly for manager Rodgers.
During his two-year stint at Anfield to date and indeed in his former role at Swansea, Rodgers has developed an admirable reputation for ensuring that his teams play an attractive and aesthetically-pleasing brand of football.
Such a style of play almost led to the unthinkable during the 2013/14 campaign, with Liverpool having made an absolute mockery of most pundits' understandably cautious pre-season expectations to challenge for the Premier League title.
That particular bid faltered during the final stages of a truly unpredictable year, of course, leading many to suggest that it is the pursuit of new, superior defensive recruits that should be at the top of Rodgers' list of priorities heading into a busy summer.
While that is certainly a fair suggestion, there should be nothing to stop Rodgers strengthening all areas of the squad in the coming months.
There is simply no disputing that, with the likes of Luis Suarez, Daniel Sturridge, Raheem Sterling and Philippe Coutinho to call upon, attack is currently comfortably the strongest area for Liverpool.
However, a return to the Champions League - which the club secured by virtue of eventually finishing second behind Manchester City - is likely to test a relatively thin squad to the limit, particularly if Rodgers has any ambition to continue the recent development and really progress through the tournament.
Meyer - although not yet fully established as one of Europe's top playmakers - is full of potential and would represent exactly the kind of exciting and intelligent signing that is likely to be needed to convince a player of Suarez's immense quality that he does not have to leave Merseyside in order to compete for trophies on a regular basis.
The only particular issue that appears to arise here is the seemingly low value of the imminent bid in question.
Schalke, you might recall, formulated a very firm and stubborn stance over negotiations for Julian Draxler during the January window and it seems rather unlikely that they will be willing to lose a similarly talented youngster for such a measly fee.