The Reds are reportedly among the best economic options for the Croatian youngster.
Pjaca caught the eye this summer as he starred for Croatia at Euro 2016 before their exit to Portugal at the last 16 stage of the tournament. As a result, a number of clubs are interested in his signature and Liverpool are reportedly among them.
According to Gazzetta dello Sport, they have already seen a bid of €15 million, around £12.2 million, for his services rejected by Dinamo Zagreb.
They are not the only ones looking to make a move either, with Borussia Dortmund, AC Milan and Juventus also allegedly keen.
And according to Tuttosport, Liverpool and Dortmund represent the most economically interesting options for the 21-year-old.
(From L-R) Croatia's Marko Pjaca, Ante Coric, Filip Bradaric and Domagoj Pavicic before the match
However, according to the report the Croatian is not as interested in a move to either club and instead the battle for his signature will be between AC Milan and Juventus.
Where he will end up this summer remains to be seen then, but it appears that Anfield will not be his destination if the latest report is to be believed.