Schalke defender Ozan Kabak is available in the January transfer window.
German publication Bild is claiming the 20-year-old could move for a cut price fee of €30 million.
Many German clubs are struggling financially due to COVID-19 and the lack of fans in stadiums.
The defender may be sold to balance the books, and the Reds would certainly be interested.
Kabak may help Liverpool deal with the loss of Virgil Van Dijk, who is not likely to be back playing until the start of next season.
They are also being linked with Dayot Upamecano from RB Leipzig.