The Reds have been one of the more active teams in this transfer window, having already secured three signings, namely Fabio Carvalho from Fulham, striker Darwin Nunez from Benfica, and teenager Calvin Ramsay from Aberdeen.
In terms of departures, it has already been confirmed that Divock Origi is leaving as a free agent, while star forward Sadio Mane is set to call time on his six-year stay at Anfield in favour of a switch to Bayern Munich.
It is now reported that Japan international Takumi Minamino will also become an ex-Red soon, with an initial fee of £12.9 million (R251 million) having been agreed with AS Monaco, according to Sky Sports.
The deal is said to include a further £2.6 million (R50 million) in add-ons, with the forward set to move to France on a five-year contract.
Things have not gone as planned for the 27-year-old, who joined the Merseysiders from Austrian giants Red Bull Salzburg in 2020. He has managed only 55 appearances in the red shirt to date and scored just 14 goals.
A number of those strikes were of huge importance to Jurgen Klopp's men, though, with Minamino playing a big role in the Anfield club's domestic success last season as he was their top scorer in both the League and FA Cups, tournaments they won.
Arsenal: Nicolas Pepe - signed from Lille for £72 million
Aston Villa: Emiliano Buendia - signed from Norwich City for £38 million
Bournemouth: Jefferson Lerma - signed from Levante for £25 million
Brentford: Kristoffer Ajer - signed from Celtic for £13.5 million
Chelsea: Romelu Lukaku - signed from Inter Milan for £97 million
Everton: Gylfi Sigurdsson - signed from Swansea for £45 million
Leeds United: Rodrigo - signed from Valencia for £27 million
Leicester City: Youri Tielemans - signed for AS Monaco for £40 million
Manchester United: Paul Pogba - signed from Juventus for £89 million
Nottingham Forest: Joao Carvalho - signed from Benfica for £13 million
Southampton: Danny Ings - signed from Liverpool for £20 million
Tottenham Hotspur: Tanguy Ndombele - signed from Olympique Lyon for £53.8 million
West Ham United: Sebastien Haller - signed from Eintracht Frankfurt for £45 million
Wolverhampton Wanderers: Fabio Silva - signed from FC Porto for £35 million
Manchester City: Jack Grealish - signed from Aston Villa for £100 million
Liverpool: Virgil van Dijk - signed from Southampton for £75 million
Newcastle United: Bruno Guimaraes - signed from Olympique Lyon for £40 million
Fulham: Jean Micheal Seri - signed from Nice for £30 million
Crystal Palace: Christian Benteke - signed from Liverpool for £27 million
Brighton & Hove Albion: Enoch Mwepu - signed from Red Bull Salzburg for £20.5 million