Both Louis van Gaal and Arsene Wenger have been credited with an interest in West Ham defender Reid in recent weeks and now, according to the Daily Mail, Liverpool are also keeping tabs on his situation as Brendan Rodgers presumably seeks to further strengthen a defence that is still causing considerable concern at Anfield.
It is further suggested that Reid's current contract status in East London has given the Hammers considerable food for thought ahead of the January window and it could be that they opt to sell him rather than run the risk of losing him for no fee whatsoever next summer.
After their lack of consistency at the back essentially cost Liverpool the chance to secure their first top-flight title in over two decades last season, Rodgers sought to address the matter this summer by lavishing £20 million to sign Dejan Lovren from Southampton and also bringing in Spanish full-backs Alberto Moreno and Javi Manquillo.
Despite the latter pair impressing in short bursts, the Reds remain worryingly fragile in a defensive capacity - something clearly showcased by the fact that they have conceded 10 goals in the Premier League already this season.
That number is three more than early pacesetters Chelsea and Manchester City and a whopping six more than third-placed Saints.
New Zealand international Reid - believed to be valued at around the £3 million mark - has become a rather influential figure at West Ham thanks to a string of solid defensive displays for Sam Allardyce's improved outfit.
The 26-year-old's apparent reluctance to extend his stay at Upton Park will surely make him an even more attractive proposition to potential transfer suitors when the market re-opens for business once again this winter.
Liverpool may find it tough to successfully see off interest from Manchester United and Arsenal in this instance, however, with both of those clubs also believed to keen on reinforcing their defensive options at the next available opportunity.
Louis van Gaal has endured somewhat of a frustrating injury crisis at Old Trafford in recent weeks, with young Northern Irish centre-back Paddy McNair hastily drafted into the first-team squad make his first senior start against West Ham last weekend following injuries to Chris Smalling and Phil Jones and with Tyler Blackett suspended following his red card in the eight-goal thriller against Leicester City last month.
Arsenal have also had several defenders unavailable during the early stages of the 2014/15 campaign and Arsene Wenger may be under pressure to improve his depth in that position despite clearly favouring a first-choice centre-back pairing of Laurent Koscielny and Per Mertesacker.