NESN has likened him to a young Steven Gerrard and if that is the case then I would more than welcome him to Merseyside.
For the price—£8 million—it would be great value for Liverpool and would be less of a risky investment to throw the dice on.
Liverpool have paid huge sums for players in the past 18 months.
Between Andy Carroll (£35 million), Stewart Downing (£20 million) and Jordan Henderson (£20 million), the club have forked out over £75 million and the combined result has been less than sub par.
For that kind of money every fan expected much more.
Elm looks to be more talented all around than any of these, and has huge potential.
The best part is he is only expected to cost around £8 million, which is not so big out an outlay or potential loss as opposed to £20 million and above.
Daniel Agger can argue to be a Scandinavian as the heir to Sami Hyypia's throne, but Denmark is not part of the major peninsula that bears the name.
Sweden is in the heart of Scandinavia and it is high time that the Reds had a new Norseman to cheer on.
Hyypia joined at the age of 26, while Elm is 24.
Liverpool lists 10 first team midfielders in their official website's statistics page.
Out of those 10 only five have scored, for a combined total of 14 English Premier League goals. Steven Gerrard has scored five, Maxi Rodriguez notched four, Dirk Kuyt and Charlie Adam one two each and Jordan Henderson with one.
Rasmus Elm has scored 10 league goals of AZ Alkmaar in the Dutch Eredivisie alone, and a further three in all other competitions.
While the Dutch league may not be as high profile as the EPL, it certainly offers tough competition and a 10 goal haul for a midfielder is nothing to brush off.
Rasmus Elm would be a much bigger £8 million risk if he was set to be bought for potential alone.
However, at the age of 24 the Swedish midfielder is already a seasoned international for his country and a hardened first-team player.
He has made 133 first-team starts already in his career between his nation, AZ and original club Kalmar FF.
His production in that time has seen him score 37 goals and provide six assists.
Rather than buying a young talent, Liverpool would be purchasing a proven squad member.
You can say what you want about the Dutch culture, but one thing they don't like is to lose football games.
The Dutch Eredivisie sees some of the most attacking football in the world, and possesses a culture that revolves around the essence of total football and winning.
Liverpool have had a lapse in their historical winning mentality. Bringing in players that have that will to win is a must-do to help the club regain their culture.
Steven Gerrard speaks to the Dublin crowd during the Reds Home Away From Home campaign near the end of the 2010-11 season.
It is no secret that Liverpool have a huge following of Irish fans.
Rasmus Elm was born on St. Patrick's Day.
So what better way is there to hope for a little luck than sign someone born on the Irish Reds' national holiday.
As far as I am concerned, a little luck could do the boys in Red a heap of good right now.
Young talents are a dime a dozen, but Rasmus Elm has proven his worth as a hard-working, all-around midfielder in Holland.
He deserves a chance and would be a much more cost-effective buy than others the club has acquired in recent transfer periods.