This story has been reproduced from today's media. It does not necessarily represent the position of Liverpool Football Club.
Liverpool are preparing an offer for Xherdan Shaqiri after Atletico Madrid made an approach for the Bayern Munich star.
Brendan Rodgers was desperate to sign the Swiss winger earlier in the transfer window, but found his efforts rebuffed by the Bayern hierarchy.
Liverpool have signed a number of attacking players this summer, including the likes of Lazar Markovic and Adam Lallana, but the club have been keeping tabs on Shaqiri after the midfielder made it known he was not happy about playing second fiddle to Arjen Robben and Franck Ribery.
Rodgers was not planning on making another move for the 22-year-old with the market set to shut on Monday night, but the former Swansea boss is now ready to pounce after reports claimed that Atletico have asked Bayern to name their price.
The La Liga champions have already raided Bayern for striker Mario Mandzukic, and Diego Simeone is hoping that Shaqiri will be tempted to follow suit.
Italian media also claims that Juventus are monitoring the situation as question marks remain over Arturo Vidal's proposed transfer to Manchester United and a potential deal involving Javier Hernandez.
However, Liverpool's 3-1 defeat to reigning Premier League champions Manchester City yesterday evening has prompted Rodgers to consider more reinforcements despite already spending well over £100million this summer, and Shaqiri could find himself plying his trade at Anfield alongside latest signing Mario Balotelli next month.