Shaqiri has been linked with a move from Bayern Munich to Merseyside for much of the summer, and there have been reports from Germany suggesting that Liverpool had opened talks with the Bundesliga champions over a move for the Swiss international.
But in the report on Argentina's extra-time win over Switzerland in the second round of the World Cup yesterday in Sao Paulo, there were indications Liverpool may not be pursuing the playmaker who has impressed during the tournament in Brazil.
Yesterday Liverpool completed the signing of Adam Lallana from Southampton for £25 million which will provide competition in that part of the field - on the flanks and in the offensive part of midfield - whilst Lazar Markovic from Benfica has been mentioned as a target.
These players probably all fit the same profile for Brendan Rodgers, attack minded midfield players that can operate in the wider positions and are quite versatile.
Signing two players of the same profile could be enough to provide stern competition and not unsettle the side too much given that Liverpool will be competing on four fronts next season - and three may be regarded as too much for the Reds boss.
Philippe Coutinho and Raheem Sterling have both demonstrated they can occupy those attacking roles and Rodgers may have earmarked youngster Jordon Ibe to perform in that role as well. In addition, there is interest in Barcelona's Alexis Sanchez, which could see him moving to Anfield as part of a deal that will see Luis Suarez move to the Nou Camp - with talks on that deal said to get underway today.
Sanchez is another player who can operate in Shaqiri's strongest positions, though he could also operate in a 'false nine' striking role.
It seems that if Liverpool were to land all of their targets they will have spent a lot of money on one position, when it is perhaps better to spend their money elsewhere. If Shaqiri doesn't sign for Liverpool, it remains to be seen whether they club will regret not investing in the 22-year-old.