The Reds winger seized a regular role in the Anfield club's starting lineup last season, before registering an impressive 10 goals by the end of what was an astonishing season for Brendan Rodgers' men.
The 19-year-old was also one of the few bright spots in England's World Cup campaign in Brazil, and having started the current league season in equally strong fashion, there is no surprise to hear that the former QPR trainee is now reportedly on the shortlist of the likes of Real Madrid.
Having their best players courted by the top clubs in the world isn't something new for Liverpool, and the route to Real Madrid and Barcelona is one that has been made over the years, but what Reds fans won't want to hear is Chelsea's hat thrown into the ring.
Metro are sensationally reporting that the Blues are looking to take advantage of the uncertainty around Sterling's contract, mooting a figure of £48 million with regards to what Chelsea are looking to offer.
However, given that the three newspapers that reported the story, the Star, Express and Metro, all refused to claim it as their own piece, Liverpool may be able to resign any possible switch swiftly to the transfer bin.
Whether Chelsea actually have any interest in the winger is one thing, and though a move back to London may be attractive to the player, Sterling would be unlikely to get the same chances at Stamford Bridge as he has had at Anfield under the tutelage of Brendan Rodgers. Sterling would also do well to consider the last £50 million player to make the move from Red to Blue. Finally of course, Liverpool would also be hugely reluctant to sanction the player's exit to their fierce rivals, whether it be for £50 million or £100 million.
For Chelsea fans, the prospect of Sterling on one wing and Hazard on the other may be a tantalising prospect, but the likelihood of it happening is next to nothing.