Sterling has been one of the few bright spots for England at the World Cup, earning plaudits for his dazzling displays - although he could do little to stop the Three Lions exiting the competition at the group stages.
It seems as though his performances have caught the eye of some of the biggest names in world football, with Real Madrid boss Carlo Ancelotti said to be a huge fan.
Liverpool have seemingly pre-empted this level of interest from Europe's biggest clubs by opening contract talks with Sterling before the World Cup, and are reportedly ready to hand him a bumper £100,000-per-week deal.
Interestingly, the Sun add that Real Madrid were looking to seal a deal this month, but instead Ancelotti has decided to wait to see him in the Champions League next season before making his move.
That will of course give Liverpool time to tie the 19-year-old down to a new contract, and persuade him his long-term future lies on Merseyside.
Di Maria exit
Sterling's potential arrival at the Bernabeu could spell trouble for Angel di Maria, who has been linked with a move to the Premier League in the past, with the likes of Arsenal and Manchester United credited with an interest in him.
Sterling was key to Liverpool's title charge last season, playing 33 times and scoring 9 goals in the process to help the Reds to second place in the Premier League.
Liverpool boss Brendan Rodgers has worked wonders in his time at Anfield and built a team around young dynamic players like Sterling, so will be begrudged to let him leave any time soon.