Liverpool could reportedly attempt to use Xherdan Shaqiri, Divock Origi, Harry Wilson, Sheyi Ojo or Marko Grujic in a possible swap deal with Leeds United for Raphinha.
Reds boss Jurgen Klopp is said to have identified Raphinha as his leading target ahead of this summer's transfer window, with the Brazilian in impressive form for the Whites since his arrival, scoring four times and contributing four assists in 17 Premier League appearances this term.
According to The Express, Liverpool have identified five players that they could potentially use to drive down the asking price for the Leeds attacker.
The report claims that first-team players Origi or Shaqiri could be available in part-exchange, while Wilson and Ojo, who are currently both on loan at Cardiff City, has also been mentioned.
Grujic is also believed to be a potential option, with the midfielder currently on loan from Liverpool at Porto.
The reigning champions suffered their third straight league defeat on Saturday afternoon as they lost 3-1 to Leicester City at the King Power Stadium.