A German group is preparing a takeover offer for Liverpool.
The German party are now putting together a bid for Liverpool owners' FSG consideration.
A Saudi-Qatari consortium, meanwhile, are also readying a bid in the excess of £3bn to acquire Liverpool.
The Sporting News' David Lynch reports that the two Gulf states are exploring the prospect of working with one another in a joint bid for the Anfield club "to avoid a bidding war" for the asset Fenway Sports Group made available for sale in November.
The information also reveals that Liverpool's sale has attracted interest from German investors, who are said to be "further along in the process of tabling a bid" to the Reds' American owners.
It also claimed that an "unnamed American consortium" has registered their interest in potentially acquiring the 2019 Champions League winners.