Jurgen Klopp should look to the Arsenal man to add pace and directness to his side.
Alex Oxlade Chamberlain's career at at Arsenal has stalled
Arsenal's Alex Oxlade-Chamberlain struggled to establish himself as a first-team regular last season, as his career continues to stall at the Emirates Stadium.
Liverpool should make a move for the 22-year-old winger and test Arsenal boss Arsene Wenger's resolve with an offer for the youngster.
Chamberlain is incredibly quick and direct in his style. He can play out wide right or left as part of a front three, and would make a fantastic addition to the Reds' attack.
Liverpool's new recruit Sadio Mane is also comfortable playing on either flank, so having Chamberlain alongside the Senegal international in the starting line-up would give Klopp the option of being able to mix up his side without making a change to the actual personnel.
Chamberlain would be a great signing for Liverpool
The Arsenal youngster also provides a goal threat, as he has demonstrated during his time with the Gunners. He likes to shoot from distance and is not afraid to take responsibility on the ball when his team need to force the issue.
One stumbling block to the potential move could be Chamberlain's poor injury record.
Despite his young age and impressive physique, the Southampton academy graduate has proved to be rather fragile in the Premier League. Since August 2013 he has suffered nine separate injuries that have seen him miss 72 of Arsenal's games.
Chamberlain would provide added pace to the Liverpool attack
He will certainly have to become more robust if he is to live up to his potential in England's top tier, but he would still be a risk worth taking for Liverpool and Klopp.
It is debatable whether Wenger sees Chamberlain as an important member of his first-team squad, with him being a regular on the Arsenal bench last season even when he was fit and healthy.
He could kick-start his career in Liverpool by reestablishing himself as a regular starter and, in doing so, elevate the Merseyside club to another level.
Arsenal's Alex Oxlade Chamberlain