Liverpool boss Brendan Rodgers is keen on signing Sergio Romero and Paulo Dybala in January, with the club understood to have made necessasry funds available.
It is reported that Sergio Romero will probably be the first to arrive at Anfield, with Spanish newspapers claiming that talks are at an advanced stage.
The reports have also said that Liverpool have made an offer for Palermo forward Paulo Dybala, who is also being chased by Arsenal, and has been valued at £31 million.
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Liverpool are believed to be wanting to secure both signings before the conclusion of the upcoming January transfer window.
By Ollie Carroll
Twitter: @Ollie_Carroll_
