Apparently, Reds manager Rafaael Benitez has revealed that they must sell before they buy, but the chances of Jermaine Pennant leaving the club during this transfer window are looking more and more faint.
The former Birmingham City winger failed to negotiate a move to Spanish giants Real Madrid recently, rejecting their contract offer, and has turned down offers from the likes of Stoke City and Blackburn Rovers.
Wigan Athletic and Hull City are thought to be interested in the €3.8 million-rated midfielder, as well as Italian club AC Milan, so a deal could yet go through.
However, Liverpool are believed to have told the Rossoneri to forget about making an offer of €9.2 m for Danish centre-back Daniel Agger.
It appears that Italian full-back Andrea Dossena will not be moving to the San Siro either, with Benitez quoted in the Guardian as saying: "I have not considered selling Andrea Dossena, I think it is important to keep people together now."
It is claimed, therefore, that the Reds will not be making a move for Portsmouth's England international right-back Glen Johnson, who is apparently set to agree a new contract at Fratton Park.
Wigan's England international forward Emile Heskey had been linked with a return to Anfield, but it is thought that Benitez has no plans to move for the player whose contract will expire in the summer, paving the way for Aston Villa to capture the 30-year-old.