The state-owned conglomerate Everbright are the party said to be proposing a sizeable fee, despite recently suggesting they had no intention of putting their financial resources into the Merseyside club, according to their chief executive, Chen Shuang.
Bloomberg, a news agency who focus on financial news, suggest the group do indeed have interest and are willing to up their previous valuation of £750m to £1bn.
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The change in the bid coincides with the financial strides and potential growth currently taking place at Liverpool, ones which have seen their estimated market value increase.
Premier League television revenue and the increase in capacity at Anfield to 54,000 have been the primary factors in the Reds' shift in the market which has seen them attain the status of being worth over £1bn.
Forbes place the club's value as high £1.16bn, a staggering amount of money. What is even more astounding is that their value has increased 58% in the last 12 months despite the club enjoying little success out on the field.
Liverpool's current owners, Fenway Sports Group (FSG), bought the club for £300m six years ago and they are adamant that they do not want to sell the club.
They have stated that they are welcome to minor investment from outside parties but chairman Tom Werner has said that the group are not actively involved in searching for any more stakes in the club.
It seems clear that the potential bids in place are all rather shady. Differing reports on the Chinese porposal and the clear lack of interest from Liverpool's current owners suggest that a cash injection from Everbright may not actually occur.
China have made big strides in the footballing world in recent years, both domestically and their financial involvement in many of the top leagues in Europe.
As of yet, no Premier League team has actually taken the plunge and accepted Chinese ownership.
Both Aston Villa, who were relegated last season, and Birmingham City have major Chinese investment within their set up, with the former splashing over £50m in this summer's transfer window.
Will Liverpool take the risk and follow the same route as the Midlands duo? Highly unlikely, but the world of football ownership is a complex game, one which is constantly changing.