Liverpool have made an offer to take Daniel Sturridge on loan from Chelsea.
Negotiations began between the clubs began late on Thursday night, just hours after Liverpool allowed Andy Carroll to join West Ham on loan.
Chelsea are understood to be open to allowing the 22-year-old England player to leave on loan, but Tottenham are also interested.
Liverpool’s Charlie Adam is expected to join Stoke for £5m on Friday, having undergone a medical.
Jay Spearing will also leave Anfield to join Bolton on a six-month loan deal, having undergone a medical at the Reebok Stadium on Thursday night.
The future of Sturridge may depend on Chelsea’s pursuit of Bayer Leverkusen’s Germany forward Andre Schurrle.
The Germany international is valued at £20m, with Chelsea offering £16m. Sturridge is currently with the European champions in Monaco for Friday evening’s European Super Cup against Atletico Madrid.