The Reds would be very keen on their former star returning to Anfield, but big money deals in MLS and Qatar could scupper any plans.
The Spanish midfielder’s contract comes to end with the German champions next summer, and it seems he is unlikely to remain at the Allianz Arena.
Despite his undoubted quality, at 34-years-old a new deal is not likely to be forthcoming from Pep Guardiola’s side, given the numerous options they have in midfield.
That has forced Alonso to consider his options - he is able to talk to sides in January, and Liverpool could be one of them.
They are not put off by his age, as far as the TuttoMercatoWeb report is concerned, in fact, they would be very keen to see their former star at Anfield once again.
The club has fond memories of Alonso’s time at the club, where he was a big hit before his move to Real Madrid, and many consider sanctioning his sale to the Spanish giants as one of the biggest mistakes they have ever made.
The player himself would also be keen on the move, having spoken positively about the potential of that happening in the past.
However, any offer from Liverpool would have to be a lucrative one to tempt their former star back, with offers from both Qatar and MLS also sure to be forthcoming for his services.