The England international winger’s future on Merseyside is in doubt after he recently admitted to the BBC that he has turned down a new improved contract at the club.
As such, a number of clubs such as Arsenal, Manchester United and Chelsea have been linked with a high-profile summer move for the youngster, as reported by The Sun.
Losing Sterling at such a young age would be a massive blow for the Reds, not least because of his evident ability and huge potential but also for the reputation of the club.
The Anfield outfit are supposed to be one of the biggest clubs in the Premier League, yet losing their star youngsters doesn’t reflect well – particularly if Sterling joins a fellow English outfit.
Former Anfield chief executive Rick Parry, however, isn’t fretting over the prospect of losing the 20-year-old, as he recalls losing star players Michael Owen and Steve McManaman similarly in the past.
“It’s never an easy situation but, at the end of the day, as a club, it comes to the point where you have got to come up with what you think is a realistic value," Parry told reporters.
"You give the player the option [of a new deal] and you hope that he stays but, if he doesn’t, no player is bigger than the club.”
“Life moves on. We’ve lost our fair share. In my day we saw Steve McManaman go on a Bosman and we lost Michael Owen but the club picked itself up and got on with it.”
In 28 Premier League matches this season, Sterling has scored six goals and added a further seven assists – his side’s best tallies in both categories alongside midfielder Jordan Henderson.
With his doubts at Anfield said to be success-related, the Reds could finish the campaign as FA Cup winners as they booked a semi-final date with a 1-0 quarter-final win over Blackburn Rovers in midweek.