Liverpool have been linked with a somewhat surprising move for Real Madrid winger Royston Drenthe, who is currently on loan with Everton.
The Dutchman joined the Toffees on deadline day and will remain at Goodison Park for the remainder of the season at least.
Everton retain an option to buy Drenthe at the end of his temporary agreement, but Liverpool may reportedly move to scupper any proposed deal.
According to The Guardian, Liverpool are prepared to negotiate directly with Real in order to keep the 24-year-old out of the clutches of their city rivals.
Should Kenny Dalglish formalise his alleged interest in Drenthe, Liverpool are likely to have more negotiating power than Everton, having demonstrated their sizeable financial clout in the summer.
Jordan Henderson, Charlie Adam, Stewart Downing, Alexander Doni, Jose Enrique, Sebastian Coates and Craig Bellamy all moved to Anfield during the transfer window to the tune of over £50 million.
Meanwhile, the Reds are reported considering an ambitious January bid for Barcelona striker David Villa.