Liverpool owners Fenway Sports Group (FSG) are eyeing off a LaLiga club.
The Mirror says the Premier League champions are discussing a move for Getafe.
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FSG wish to kickoff their plans for a multi-club network, with technical director Michael Edwards in charge, by bidding for Getafe.
FSG controversially attempted - then pulled out - of a deal for French club Bordeaux, which saw them enter bankruptcy and eliminated from the local professional football pyramid.
The Americans have also expressed interest in Malaga in the past.
A spokesperson for FSG said: “FSG routinely engages in conversations and evaluates opportunities across global sports, a common process to assess ventures that align with the organisation’s strategic priorities.”