The England international is being linked with the Reds, where manager Jurgen Klopp is a fan.
The 18-year-old will more than likely be on the move next summer with clubs across Europe keeping a close eye on the player. However, the Reds are aware of the competition for his signature.
Manchester United, Chelsea and Manchester City are all keen, as are Real Madrid and Bayern Munich. With a fee that could surpass £100m and wages that could place Bellingham among the highest paid, it remains to be seen whether the club will push to sign him next year.