Bleacher Report is taking a look at some of the latest winter transfer news regarding Liverpool.
The Reds need for reinforcements in attack is no secret and the club has been rumoured to be interested in a variety of players.
On the other hand, Luis Suarez's great return to form has seen his name in the papers a lot more recently.
Here's some of the latest transfer rumours involving Liverpool.
Downing has failed to make any sort of impact since joining Liverpool before the 2011/12 season and has seen youngsters like Raheem Sterling and Suso usurp him in Liverpool's attacking hierarchy.
With Theo Walcott's future at Arsenal still in doubt and the upcoming African Nations cup likely to take away two attackers for a month, the Gunners do need attacking reinforcements.
A move for Downing could enable Wenger to keep Theo Walcott and play him in his preferred position. Given the Liverpool wingers lack of form this exact move is unlikely to happen.
Downing may end up leaving Liverpool to go a destination that is not Arsenal but he could also stay to help Liverpool manager Brendan Rodgers keep what little attacking depth he has.
Zarate has never been a prolific scorer during his time in the Serie A but he does bring a decent amount of pace and creativity with his dribbling skills.
What may be a positive is that he has spent some time in the Premier League before, having played for Birmingham City in the last half of the 2007-08 season.
Tello was linked (via the Daily Mail) to Liverpool during the summer transfer window but nothing happened in the end.
The young Barcelona attacker has a decent eye for goal and would bring pace as well as a direct dribbling ability to the Liverpool side.
Given his use of young players so far, Brendan Rodgers would certainly make good use of the 21-year-old winger should he join.
According to the Metro, Brendan Rodgers has been advised by one of his Liverpool scouts to sign Pablo Armero.
Armero is a high-energy player capable of quality crosses from the left side and would be able to cope with the physicality of the Premier League.
He has been a key player for Udinese in his time at the club and would be a good addition to the side.
Armero would be targeted for his ability to play all the positions on the left flank and would decrease the chances of Rodgers having to play Glen Johnson on the left side of defense if Jose Enrique is injured.
Sky Sports recently revealed that Liverpool is interested in another Barcelona product in the form of current Sporting Lisbon winger Jeffren Suarez.
Suarez left Barcelona after finding playing time hard to come by but has not had much success in Portugal either.
Last year he made just 15 appearances for the club and so far this year he has featured eight times.
Like any Barcelona product, Suarez would be good on the ball and bring a good level of individual creativity but his lack of success at his two former clubs does pose some questions.
Luis Suarez has been linked to a number of sides during his recent run of form.
The Mirror claims Chelsea is interesed, the Metro reports that he is a possible replacement for Radamel Falcao at Atletico Madrid and Talksport.com revealed that Juventus is still interested in the striker.
Each side would have to cough up a huge fee to sign the Uruguayan given his current club's need for attacking players.
It is unlikely that any of these deals will occur but the Reds may be tested when the winter transfer window opens.
Daniel Sturridge is one of the most intriguing players being linked with a move to Liverpool.
According to the Daily Mail, Liverpool manager Brendan Rodgers has reignited his interest in the Chelsea and England forward.
Sturridge is behind Fernando Torres in the Chelsea pecking order and prefers to play centrally than the wide role he is usually given.
His club has been linked (via the Metro) with a big-money move for Radamel Falcao and that, or a move for any other forward, would hamper Sturridge's chances even more.
Liverpool may have a very good chance of getting Sturridge as he knows that he will get the valuable playing time he isn't receiving at his current club.
Alex Pearce is the only the second defensive player on this list who has been linked (via the Daily Mail) to Liverpool.
Rodgers has already signed one of his former players as Joe Allen followed him from Swansea and it appears he may do so again.
Here's more from the Daily Mail article:
"Brendan Rodgers wants to sign Reading defender Alex Pearce as a long-term replacement for Jamie Carragher.
Rodgers is an admirer of Pearce’s professionalism and promoted him to the role of Reading captain when he was in charge of the club in 2009.
It is also understood that Rodgers has doubts over the quality of the young centre-backs at Liverpool and believes Pearce is a better bet to replace Carragher, who at 34 is nearing the end of his Anfield career."
Defense certainly isn't a priority for the Liverpool boss but if he can get a young defender such as Pearce at a small fee then a deal may be completed.
It would be quite the coup for Liverpool if they were to sign Giuseppe Rossi.
According to the Metro, the Reds are weighing up a deal for the Villarreal forward which would bring them a quality player at a small fee.
The Italy international has not featured for his club since the beginning of the 2011-12 season and would still be out with injury if he were to join the club in January.
While a move for Rossi may not really help the club for this season considering his injury problems, Rossi could still play a few games when he returns.
The signing would help prepare the club for next season and should be strongly considered if Rossi can be signed for a fee that is smaller than what he would usually command.
Rossi has been a productive player for Villarreal in front of goal and is capable of playing a variety of positions.