The Reds have already been active in the transfer market, securing the signatures of Florian Wirtz, Jeremie Frimpong, and Milos Kerkez to bolster their squad for the upcoming season. They have also added Freddie Woodman and Armin Pecsi as backup goalkeepers.

Following Arne Slot's remarkable Premier League triumph in his debut season, Liverpool's board are fully committed to supporting their manager with further high-profile additions.

However, the club face challenges with potential departures. Luis Diaz, Ibrahima Konate, and Darwin Nunez have all been linked with moves away from Anfield.

Speculation surrounding Diaz has intensified, with Bayern Munich emerging as the frontrunners to sign the Colombian winger after Barcelona were unable to meet Liverpool's valuation, reported to be between 70 and 80 million euros. The Reds have consistently rebuffed approaches from both clubs, but Diaz's future remains uncertain as he has yet to commit to a new contract, with only two years left on his current deal.

Diaz, speaking last month while on international duty with Colombia, said: "I'm very, very happy in Liverpool. From day one, they've made me feel really welcome. Right now we're in contact with them because we're speaking with (other) clubs." His comments, reported by Liverpool.com, have fueled speculation about a potential exit.

Should Diaz depart, Liverpool have identified Vinicius Junior as their top target to fill the void. Spanish outlet Defensa Central reported that the Reds are ready to offer 100 million euros upfront, with an additional 30 million euros in bonuses, to lure the Brazilian star to Merseyside.

The 25-year-old's future at Real Madrid has come under scrutiny, with his contract situation unresolved. Despite earlier reports from transfer expert Fabrizio Romano in April, who said, "Vinicius Jr, on the verge of reaching an agreement with Real Madrid over new deal for the next five years," no deal has been finalized.

Romano later added: "Initial verbal agreement in place, length of the deal under discussion — 2029 with an option to extend or 2030. No formal steps yet."

Real Madrid's plans to extend Vinicius's contract remain in place, but the lack of progress has given the player increasing leverage, according to reports.

The Daily Mail noted that new Real Madrid head coach Xabi Alonso was "unimpressed" with Vinicius's performances at the Club World Cup, adding further uncertainty to his future at the Bernabeu.

While Real Madrid have publicly stated their intention to keep Vinicius, Liverpool's ambitious move signals their determination to maintain their attacking firepower.

The Reds' pursuit of the Brazilian winger could spark a dramatic transfer saga as they aim to reshape their squad for another title challenge under Slot's leadership.

Report: Man Utd could offload declining midfielder Casemiro