Per Portuguese journalist Pedro Sepulveda, they are not preparing bids for players as yet.
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He tweeted: "Liverpool will not negociate (sic) any players until everything is agreed with the new coach for next season.
"Rubn Amorim (current Sporting CP head coach) is in pole position for the job."
The Reds had hoped to hire Xabi Alonso, but he is staying at Bayer Leverkusen.