Reports over the last few days have linked the European and world champions with a potential move for the 24-year-old.
But the ECHO understands such speculation is wide of the mark with Grealish not on the Reds' radar.
In the summer of 2018, then Villa technical director Steve Round approached Liverpool and offered them the player for £25million, with the Midlanders at that time running into financial difficulties after failing to gain promotion to the Premier League.
The Reds turned down the move, and were similarly disinterested when Villa again offered Grealish for transfer last summer.