Wilson made his first-team debut in 2017 and has spent the last two seasons on loan at Derby County and Bournemouth.
This is partly down to the fact that 19-year-old Jones has emerged as a viable first-team player.
The Scouse midfielder became the club's youngest ever captain in the recent FA Cup fourth-round replay win over Shrewsbury.
This was following on from his match-winning performance against Everton in the same competition.
Liverpool will demand £30m for Wilson, who joined the club as an eight-year-old.