The Wolves captain came through the ranks at Anfield and Lawrenson thinks he is 'ready made' if Liverpool want to sign cover for Van Dijk, who has undergone ACL surgery.
"I would think Virgil will be out for the season," the ex-Reds defender told The Argus. "I think it's a write-off because you've got to get match fit and that's almost impossible nowadays because they don't play reserve team football.
"If Liverpool are going to pay big money for somebody in January, they want absolutely ready-made. Conor Coady has had loads of shouts and he is a very good organiser who has played lots of games in the Premier League."