Benfica want to replace Liverpool-bound Lazar Markovic with Manchester United winger Luis Nani this summer.
The Sunday Mirror reports how the Portugal international could return to his homeland after the World Cup, having been identified by Jorge Jesus for a possible move to Estadio da Luz.
New Red Devils boss Louis van Gaal is understood to deem Nani surplus to requirements and will let him leave Old Trafford for the right price.
Brendan Rodgers will be hoping Benfica can agree a fee with Manchester United in order to improve Liverpool's chances of securing the signature of Serbian star Markovic.
The £25 million target has been on the Anfield club's radar for many months, and following positive noises from the player's camp the Reds are looking to press ahead with a proposed transfer.
Having already completed deals for Rickie Lambert and Emre Can, Rodgers is continuing his recruitment drive ahead of Liverpool's return to the Champions League next season, and in addition to Markovic has also been linked with a move for Southampton captain Adam Lallana.
The England international midfielder appears keen to leave St Mary's, and could follow former team-mate Lambert to Merseyside ahead of the 2014/15 campaign.