Liverpool's owners, Fenway Sports Group (FSG), are reportedly considering buying a European club in their bid to develop a multi-club model in football, according to a report.
They are thought to be in competition with a rival Champions League club, who also wish to expand their revenue streams in football.
The multi-club ownership model became widely popular due to the success of City Football Group. The British-based holding company administers clubs such as Manchester City, Girona and New York City FC.
FSG’s desire to buy a second football club was made abundantly clear when they entered negotiations to buy French side Bordeaux last year, before they went into administration.