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To ensure the Reds remain well-equipped for the future, the club is said to be actively exploring the market for potential successors to the 30-year-old.
According to Senegalese news outlet D Sports, Liverpool believes that El Hadji Malick Diouf could be an ideal option for the future with the club reportedly approaching the player's agent to assess the feasibility of a potential transfer.
The Reds are said to be huge admirers of the Slavia Prague full-back's talent.
However, bringing the 20-year-old to Anfield will cost the Reds $26m (£21m/€25m), which is a hefty price tag for a player who is yet to play for a team in one of the top five leagues in Europe.
Malick Diouf is making waves with his exceptional performances for Slavia Prague this season.
El Hadji Malick Diouf has also attracted interest from Crystal Palace.
These numbers are even more impressive when considering that Slavia Prague has struggled in European competitions, winning just one of their first six matches.
What truly sets Diouf apart, however, is his creativity.
He ranks in the 95th percentile for shot-creating actions (4.86 per 90), an outstanding statistic for a full-back.
Diouf has already been linked with a move to the Premier League this month, with Crystal Palace reportedly having a $15.2m (£12.5m/€14.9m) offer rejected by Slavia