The Metro reports that the Reds are confident a deal can be reached in the near future and that the Brazilian international will be on his way to Anfield shortly.
Liverpool look poised to snap up Inter Milan midfielder Philippe Coutinho after the Italian side agreed to sell the young Brazilian for an increased fee.
The Reds have tabled an improved £8 million offer for the 20-year-old and are confident a deal can be struck after the Serie A giants rejected an initial £5 million bid.
There is little doubt that Coutinho would be an excellent fit at the Merseyside club, and that he would be a huge complement to the Reds' attack this season.
Most likely deployed as an attacking midfielder behind Luis Suarez, Coutinho would have a huge impact on the likes of Suarez and Daniel Sturridge at the top of the Reds' attack. He would definitely make Liverpool a stronger team as a whole.
In fact, the 20-year-old could turn Liverpool into top-four candidates once again this season, despite seemingly being out of the discussion at the moment.
Truth be told, the Reds are only seven points behind fourth-placed Tottenham Hotspur at the moment, and looking much stronger with the addition of Sturridge alongside Suarez. They recently crushed Norwich City at Anfield 5-0, and appear to have the self belief that they can indeed match the top teams throughout the remainder of 2013.
And with Coutinho, that self belief would simply get stronger.
The 20-year-old is an exciting playmaker whose ability to create opportunities would be an excellent addition into the Reds attacking weapons.
Joe Allen hasn't been the attacking midfielder that the Reds needed, but has seemingly found his place playing deeper down the pitch. What Rodgers needed most was a new weapon for his 4-3-3 scheme, and, providing Coutinho moves, has seemingly finally found the right man for the job.
With the attack mentioned ahead of him and brilliant midfielders behind him in Allen and Steven Gerrard, there is little doubt Coutinho would receive plenty of ball in midfield, and would be able to have a huge impact on the attack.
The attack wouldn't funnel through him like Arsenal's does through Santi Cazorla, or Chelsea's does through Juan Mata, but he would be able to have a similar impact and contribution to what both of them currently have on their respective teams.
Liverpool would no doubt win more games because of that, and continue to climb up the Premier League ladder towards the top four in the process.
Only seven points behind Tottenham, Liverpool's next few league games are both difficult fixtures against Arsenal and Manchester City, followed by West Brom and Swansea City—all of which could see the Reds drop points.
Would adding Coutinho make Liverpool a top-four threat?
And if they do, when Spurs play Norwich City and Newcastle, then they can kiss goodbye to their top four chances this year.
However, with Coutinho, the Reds would be better suited to attack Arsenal through the middle like Chelsea did just last weekend through Ramires and Mata.
They'd also be better equipped to get pressure on Manchester City and Swansea's potentially vulnerable defenses and capitalize on good attacking opportunities that were created for them.
The next month will reveal all as to whether Liverpool should be counted as a top four threat or not this season—something that they'd be much more equipped to do if they had Coutinho ruling the roost throughout their midfield.
For less than £10 million, the midfielder is a great purchase for Liverpool and one they must pull the trigger on as soon as possible this transfer window.
They need him for their top four chase as soon as possible.
Are Liverpool still a top four threat this season?
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