Watford want Livermore to bolster their midfield options, and are lining up a loan move, with a view to making it permanent at the end of the season.
Livermore started for West Brom in their last match against Nottingham Forest, and looks to have a key role to play with Darren Moore’s side, if he sticks around.
However, Watford are hoping to get a deal done for the England international, with the lure of Premier League football on offer.
Livermore could add steel and energy to Watford’s midfield, if he does make the move to Vicarage Road.
West Brom have so far been reluctant to sell any of their players on the cheap, despite their relegation.
Albion have kept hold of the core of their squad so far, and it remains to be seen how they will respond to Watford’s interest in Livermore.