According to a report by David Maddock of the Mirror, the Reds are looking to add Toivonen.
Maddock asserts: "Liverpool are keen on proposing a small fee to take the player on loan for the remainder of the campaign - giving him the chance to earn a long-term future at Anfield."
Of course, Liverpool fans keen on following transfer rumors are acutely aware of Toivonen. As Maddock reminds us, these two parties were first connected in transfer talks back in 2010.
The Telegraph's Mark Ogden reported the reason the deal did not go down in 2010 was Liverpool were £3 million shy of matching PSV's £13 million asking price.
The new report was met with great enthusiasm by fans. Oh...it wasn't positive enthusiasm, but you can definitely feel the emotion.
I scanned Twitter to try and place my finger on the pulse of the fanbase on this move. It was not a difficult pulse to find.
Now, I'm not saying they aren't out there, but I read as many tweets as I could find on this subject, and I didn't see one voicing support of the move.
To me, this tweet best summed up the general feeling of fans upon hearing of the resurfaced link:
Not even injuries to key playmaker Steven Gerrard and striker Daniel Sturridge can warm up fans to the idea of this 27-year-old attacking midfielder.
Perhaps money will hold up this deal yet again. Toivonen has not been earning his wages this season.
In 13 Eredivisie contests this year, Toivonen has notched one goal and two assists. That certainly doesn't suggest a lot of attacking to his midfield play. This is a noticeable drop off from his production last year when he made 19 appearances for PSV and scored seven.
Toivonen is certainly not without talent. He is strong on through balls and an adept passer. The biggest problem is not with Toivonen's talent, however. It is his regrettable attitude:
With the Reds in second and five points behind Arsenal in the EPL, Liverpool need to find some way to withstand their current injury situation.
That answer cannot come, however, from a player given to the kind of selfish behavior that can tear apart a club.