The 23-year-old is expected to leave French champions Lille this summer, where he was a key player in their title success after reigniting his career following a terrible spell at Bayern Munich.
Lille have set a £40million price tag on Sanches, and Liverpool are in 'pole position' to buy the midfielder given Barcelona's well-documented financial crisis, according to Spanish outlet Mundo Deportivo.
This story has been reproduced from the media. It does not necessarily represent the position of Liverpool Football Club.
The Reds have been tentatively linked with a move for the Norway international, as have some of Europe’s top clubs.