Liverpool hope to complete the £5million transfer of Javier Saviola from Real Madrid next week.
Rafa Benitez is keen to sign the Argentina international nicknamed the Rabbit who joined Madrid on a Bosman free from Barcelona two years ago.
The 27-year-old, who has scored 12 goals in 44 internationals, has struggled to establish himself at the Bernabeu and has been told to vacate the No 9 shirt, which will be worn by Cristiano Ronaldo next season.
Ronaldo, on the verge of completing an £80m transfer from Manchester United, has already trademarked 'CR9' for marketing purposes.
Saviola, who has Spanish citizenship, will have even fewer chances with Madrid following the arrival of Kaka and Ronaldo and would offer Liverpool more options in attack.
Madrid intend to offload up to 10 players to accommodate and help fund a spending spree that could reach £260m.
The Spanish giants want to sign Xabi Alonso and, after meeting resistance from Liverpool, may offer Saviola as part of a renewed bid for the 27-year-old.
Alonso also interests Manchester City, but Benitez insists he is going nowhere.