Hamburg have told Liverpool they can sign winger Eljero Elia for £13 million.
Hamburger Morgenpost says Hamburg will cash in on the Dutchman if their asking price is met.
Liverpool are interested, but will face competition from Steve McClaren's Wolfsburg, which will use the funds raised by Edin Dzeko's move to Manchester City to compete for Elia's transfer.
Holding up Liverpool's move is Ryan Babel's situation.
German sources say Hamburg have been informed the Reds will not bid for Elia until they find a buyer for Babel.