Liverpool face competition from Bacca's signature, rumoured to be from Manchester United.
The price quoted by The Guardian is £21.5 million for the free scoring Colombian striker.
They quote Bacca's agent Sergio Barila, who said: "Liverpool and another English club are among that have shown an interest but there are also clubs in Italy. What is clear is that they must meet the release clause but at this stage nobody has."
Bacca has enjoyed a superb couple of seasons at Sevilla since signing from Belgian side Club Brugge, netting 49 goals, with 28 coming last season.
He has won two Europa Leagues in succession, and like new signing Roberto Firmino - he has been one of the most in form players on the continent.
Liverpool are in the midst of a spending spree as they seek to get back not just into the Champions League places next season, but into the title hunt.
Is Bacca worth investing in?
Absolutely. The 28-year-old's consistency and instant adaptation to La Liga has made him one of the most intriguing strike targets available, and his release clause is good value for money.
At a time when Harry Kane is priced above £40 million, and Saido Berahino above £20 million, a deal for Bacca would be astute at £21.5 million.
As further context it is just £6.5 million more than they paid for Mario Balotelli last summer - who scored just one Premier League goal.