The Reds were one of the clubs rumoured to be interested in making a move for Menez in January (as reported by Metro's Jamie Sanderson), and with reports of contract talks stalling between the player and his current club, there now might be a chance the winger could be joining the club on a free transfer this summer.
Menez didn't sound particularly optimistic regarding an extended stay in the French capital, saying:
We talked about an extension, but it was not sorted out.
I have three months remaining on my contract at PSG, we will see what will happen at the end of the season.
Adding an experienced playmaker on the cheap is never a bad idea, but Liverpool boss Brendan Rodgers shouldn't waste too much time actively chasing the out-of-favour forward. After all, there's a reason PSG are in no hurry to sign him to a new deal.
Menez hasn't been able to nail a starting position on the PSG roster and is buried deep on the team's depth chart behind the likes of Edinson Cavani, Lucas Moura and Ezequiel Lavezzi. While those three players form a very strong group of wingers at the club's disposal, it also speaks to the kind of quality Menez brings to the table.
Liverpool are in the middle of a title chase, and Rodgers has worked hard to build a young, exciting team capable of challenging for a championship in one of the world's top competitions, the Premier League.
If Menez isn't good enough for PSG, why would he be a difference maker for Liverpool?
Ligue 1 expert Jonathan Johnson believes a move to an EPL team would be good for the winger's career, but his assessment of the player isn't exactly a ringing endorsement:
Any player that isn't performing consistently isn't worth a long courtship by Rodgers, particularly at a position of strength. With Raheem Sterling and Philippe Coutinho, Liverpool already boast two of the best young wingers in the EPL.
Benching one of the two in favour of Menez would only stunt the growth of some of the team's most valuable assets, and using Menez as a depth player puts the French international in the same situation he's currently in with PSG.
If Menez is willing to accept he's little more than a rotational piece and if the winger wants to come to Liverpool, signing him on a free transfer would be smart business.
But with reports that German outfit Bayer Leverkusen have joined the hunt for the winger's signature (per L'Equipe, via Football News Alert), chances are Menez will get to choose from a number of teams this summer.
Menez wouldn't present an upgrade over any of the players currently starting for Liverpool, and the player isn't looking to transfer from one bench to the other. It makes no sense for Rodgers to waste valuable time on a player he has little use for.
If Menez wants to play at Anfield next season and is happy backing up Sterling and Coutinho, Rodgers shouldn't hesitate to sign him. But for now, Menez isn't worth Liverpool's time.