Rafa Benitez remains committed to Liverpool, despite frustration over new contract delays.
The News of the World says Benitez has already snubbed the chance to join any one of three Spanish clubs and three Italian clubs.
One of the La Liga suitors were Real Madrid, whose current manager Bernd Schuster has not yet been offered an extension to a contract that expires next summer.
Juventus are believed to be leading the Serie A interest.