Liverpool are considering bringing striker Fernando Torres , 30, back to the club in January on loan. (Mail)

The former Kop hero has failed to settle in Milan, and the Italian club are willing to terminate his loan deal, which has led to interest from Liverpool and Atletico Madrid.

Chelsea have the option of taking him back, but manager Jose Mourinho is well-stocked in the forward positions, and has little interest in recalling the Spaniard.

Liverpool's shortage of options up front could convince Brendan Rodgers that the 30-year-old is worth taking a gamble on.

Mario Balotelli could be moved on loan to Napoli in January. (Mail)

The controversial striker has endured a torrid time in Merseyside, and has been linked with a loan move back to his native Italy.

AC Milan are believed to also be in the frame for his signature, especially if they can shift Fernando Torres.

Balotelli is yet to score a Premier League goal for Rodgers' side.

Borussia Dortmund's midfielder Marco Reus, 25, dealt Liverpool, Chelsea, Manchester United and Arsenal a blow by agreeing to join Real Madrid in a £20m move at the end of the season. (Express)

Liverpool's hopes of signing the German winger have taken a setback after reports emerged in January that Real Madrid have secured his signature.

According to reports in Spain, Real will meet his £20m release clause, and he will sign a lucrative five-year-deal.

See where Reus ranks in our top 56 players in the winter window

Divock Origi set for £4.7million early Reds move from Lille in January. (Mirror)

Liverpool and Arsenal have been told they will have to produce a "sensational offer" if they are to convince AC Milan to sell Stephan El Shaarawy - according to the player's agent. (Express).

How long will it take Liverpool to recover from the loss of Suarez?

Liverpool could also be beaten to the post by Arsenal in the race for Bayern star Xherdan Shaqiri’. (Metro)

Lucas Leiva is in negotiations with Inter Milan about a loan move in January. (Talksport)

Liverpool have been linked with an audacious bid to sign Chelsea goalkeeper Petr Cech on loan. (Mirror)

...while they have also been rumoured to be keen to replace under-fire Simon Mignolet with Norwich keeper John Ruddy. (Star)

Malaga goalkeeper Guillermo Ochoa has also been linked with a £3m move to Anfield. (Metro)

Liverpool have suffered a blow in the chase for Lyon striker Alexandre Lacazette after the French club's president Jean Michel Aulas claimed he is going nowhere. (Star)

Raheem Sterling is being lined up as a contingency plan by Bayern Munich should they fail to sign Arsenal, Manchester United and Chelsea target Marco Reus. (Express)

Mario Balotelli, Liverpool's Italian striker, could be heading back to Serie A with Inter Milan manager Roberto Mancini eager to secure his services. (Star)

Go here for lots more details on all the latest Liverpool transfer rumours

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