Jurgen Klopp is keen to make at least two more high-profile additions over the coming weeks as he looks to strengthen in central midfield and in the final third.
Marko Grujic and Taiwo Awoniyi have already been allowed to depart for Porto and Union Berlin, deals which are expected to bring in approximately £17m.
However, according to the Liverpool Echo, the Merseyside giants are prepared to offload a further five squad members over the coming weeks.
Liverpool will allegedly consider any significant bids for Nat Phillips, Divock Origi, Harry Wilson, Neco Williams and Xherdan Shaqiri.
The club’s hierarchy are said to believe that they could raise as much as £70m through the sales of the quintet.