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There's no indication that an extension will be agreed upon, with reports suggesting Adidas might step in as the new kit supplier from next season.
If Liverpool were to align with Adidas next season and conclude their deal with Nike, it would signal a fresh chapter unfolding at Anfield.
As per The Athletic, Liverpool would pocket a $2.5 million/ £2 million bonus from Nike if it clinches the Premier League title this season.
Currently, the Reds sit 11 points ahead of second-placed Arsenal in the league table, although the Gunners have a game in hand.
Liverpool hasn't lifted the top-flight trophy since their agreement with Nike commenced in 2020, having worn a New Balance kit during the title-winning run in 2019/20.
The report further suggests that Liverpool could earn an additional $5 million/£4 million from Nike if it secures the Champions League title, or $2.5 million/£2 million merely for making it to the final.
Liverpool's deal with Nike has seen the Reds pocket a cool $38 million/£30 million each year from the US sportswear giant
Rumours are swirling that Adidas is ready to double down with an offer exceeding $76million/£60 million per season, but the actual numbers will only be revealed if a deal is struck.
Liverpool returns to Premier League action against Newcastle on Wednesday night and boss Arne Slot is refusing to get carried away
He said in his press conference: "I don't think I need to even enforce that message because these are the players that played – and I know the [Nottingham] Forest fans are going to like me saying this again – but these players played the Forest home game, these players played the Fulham home game, these same players played the Manchester United home game and the same players played Newcastle away, which was a very difficult game for us.
"Two times being a goal down and then being one goal up and eventually drawing it to 3-3
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