De Guzman played a prominent role in the Swansea City midfield last season with 37 appearances while on loan from Spanish club Villarreal.
The Swans are thought to be keen on keeping him but Liverpool will be hoping this apparent deadline comes and goes without a transfer, which would allow them to make their own approach for the 25-year-old.
De Guzman’s impact in English football last season led to links over a possible summer move to Liverpool around the end of March and start of April.
Those links are sure to re-appear if Swansea miss the chance to re-sign De Guzman again on a loan deal for next season or on a permanent transfer.
Speculation over the future of Swansea boss Michael Laudrup could well disrupt any deal the club had in place for the player, which means Brendan Rodgers can get himself perfectly positioned to make a move.
The reports suggest that Villarreal want to get around the £7 million mark for the player, which is roughly what they paid for him.
That puts him firmly inside the bracket of players that Rodgers can afford at Anfield and it’s an investment the Liverpool board shouldn’t have any problem approving.
De Guzman would enhance the attacking options that Liverpool have in midfield dramatically and he would take a lot of pressure away from Philippe Coutinho.
Coutinho’s impact at Liverpool has been huge, which will make him a target for teams next season, so it’s important that Rodgers has a different option in that position.
De Guzman bagged five goals and seven assists in the Premier League with the Swans as well as three goals and two assists in a successful League Cup campaign which saw the Welsh club secure a vital piece of silverware.
It may be very hard for De Guzman to turn down an approach from Swansea if they can put some sort of deal together with Villarreal but Liverpool can offer him much more as a bigger club.
De Guzman could be very attracted by a move to Liverpool because of the history of the club and the expectation that Liverpool will be mounting a serious push for Champions League football next season.
However the flip side is that De Guzman will get the chance to play in the Europa League with Swansea, whereas he will not get that opportunity with Liverpool who are not in the competition next season.
If Swansea can’t do a deal for him soon, it could be the beginning of a breakdown in the relationship between the Dutchman, the Welsh club and his parent club which is something Liverpool cannot be blamed for taking advantage of.
Swansea have every right to have the first choice to try and keep him, but if they don't close a deal they will be all to aware a club like Liverpool will make their efforts all the more complicated.
Would de Guzman be a good signing for Liverpool?
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