Former England and Tottenham boss Terry Venables can see Fulham manager Roy Hodgson being lured to Liverpool in the summer.
In his column for The Sun, El Tel wrote: "Liverpool's knockout courtesy of Diego Forlan's away goal for Atletico Madrid will ramp up the pressure on Anfield boss Rafa Benitez.
"Agony in the Europa League only compounds their humiliation in the Premier League and Champions League.
"Benitez has done an excellent job at Anfield, having led the club to Champions League and FA Cup glory during his time in charge on Merseyside. But he would no doubt admit that this season has not been the best.
"And he would not be under any financial pressure to quit Liverpool, given the club would have to reportedly find around £15million to pay him off.
"But with Juventus and Real Madrid said to be waiting in the wings, he might decide the time is right to jump a ship that, if it is not sinking, could certainly do with an overhaul.
"If that was to happen, Hodgson would certainly show up on Liverpool's radar."