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Philippe Coutinho may join forces with Brendan Rodgers once again with Leicester weighing up a bid for the Barcelona playmaker, according to reports in Spain.
Coutinho, 29, was one of Rodgers' first signings as Reds manager, arriving in January 2013 from Inter Milan for £8.5million.
The Brazilian flourished under Rodgers until his sacking in October 2015 and was equally impressive under the Northern Irishman's replacement, Jurgen Klopp, before joining Barcelona in January 2018.
But Coutinho has struggled to live up to his eye-watering £142million price tag at Camp Nou, with Barcelona now looking to cut their losses by selling him this summer.
Rodgers helped mould Coutinho into a world-class attacking midfielder
(Image: Liverpool Echo)
The versatile attacking midfielder has two years remaining on his deal but Mundo Deportivo claims he has been told he is free to leave.
Leicester are understood to be preparing a £17million bid for Coutinho, while they could also pursue a loan deal to reunite him with Rodgers.
A fee of £17million is far lower than Barca hope to recoup for the player, but they are also fully aware they may be forced to pay a hefty add-on to Liverpool if they do not offload him soon.
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Anfield sporting director Michael Edwards inserted a clause into Barcelona's deal to sign Coutinho stipulating the Catalan club must pay £18million when he reaches 100 appearances.
The Vasco da Gama academy product has played 90 games for Barca, so it seems inevitable he will reach a century if he is not sold this summer.
The Blaugrana have already pursued imaginative ways of putting off paying this instalment and sent Coutinho on loan to Bayern Munich last season, with the appearances he made for the German giants not contributing to his Barcelona tally.
Would Leicester City be a good fit for Philippe Coutinho? Have your say in the comments.
Coutinho has had no shortage of suitors in the Premier League over the last year, with the likes of Arsenal, Tottenham and Chelsea among those linked with him.
Marseille were also credited with interest recently, but it remains to be seen how Barcelona's summer business may pan out after they were snubbed by Georginio Wijnaldum.
Netherlands midfielder Wijnaldum was expected to move to Catalonia this summer after five years of excellent service at Liverpool.
But he turned down the chance to reunite with his former national team boss Ronald Koeman and instead signed a three-year deal with Paris Saint-Germain.
Wijnaldum was understood to be a priority target for Barcelona manager Koeman, who must now formulate a new plan for his side's midfield.
Barca's summer business so far includes signing Sergio Aguero and Eric Garcia on free transfers after the duo left Manchester City, while they also activated a clause to become the sole owner of former Real Betis full-back Emerson Royal.