Liverpool are launching their search for a replacement for Rafa Benitez.

Benitez is finalising compo terms over his departure today.

And The Herald says Liverpool are likely to draw up a wishlist including Roy Hodgson, of Fulham, former Manchester City manager Mark Hughes and Guus Hiddink, who is set to become Turkey coach.

Benitez's departure would also have implications for the futures of the Liverpool squad, with players such as Fernando Torres and Steven Gerrard already considering leaving what is rapidly becoming a crisis club.