That's according to The Metro, who claim that Liverpool will match Manchester United's offer for the midfielder as Brendan Rodgers looks to put the Luis Suarez windfall to good use.
Building off earlier reports from Chilean newspaper El Mercurio, The Metro suggests Liverpool are keen to muscle in on United's top target and have the funds to at least match their offer.
A £42.5m bid for Vidal would break Liverpool's current record transfer fee paid for a player, which stands at the £35m that bought Andy Carroll to Anfield from Newcastle.
With the £75m burning a hole in his pocket, Rodgers will be keen to strengthen his squad as soon as possible. The later he leaves it, the more difficult it becomes for the new signings to make an immediate impact.
To be fair to the Liverpool boss, he's been proactive in this regard and has already brought in Rickie Lambert and Adam Lallana from Southampton, Emre Can from Bayer Leverkusen with French striker Loic Remy set to follow after passing a medical in the United States.
Earlier this week it was reported that Liverpool remain keen to make a 'marquee' signing with the Suarez budget. Having lost such an important member of the squad, it would be easy for the Reds to fall into the trap that consumed Spurs last term.
They sold Gareth Bale, their one talismanic forward, and signed a cluster of highly rated but unproven stars to fill out their squad. The strategy largely flopped with several of the expensive additions unable to adapt to the Premier League in their first campaigns.
Premier League experience
To be fair to Rodgers, in Lallana, Remy and Lambert he has (or will soon have) three extra bodies proven in the English top flight. But none are marquee signings, and the immenient arrival of Dejan Lovren is not really one that will excite the fans either, even if it does make the squad considerably better.
Vidal would be that kind of signing though, a midfielder capable of replacing Steven Gerrard long-term while making an immediate impact in a league suited to his all-action style of play. Manchester United may have something to say about that though, as new Old Trafford boss Louis Van Gaal has identified the Chilean as one of his preferred targets.