Liverpool's rejuvenation under Brendan Rodgers has them competing for the Premier League title.
They are as good as certainties for Champions League football next year and involved in transfer rumours with some of the biggest stars in world football.
Xherdan Shaqiri moved to Bayern Munich from FC Basel in 2012 and has since struggled to find regular first-team football. When he has played, he has been excellent.
He retracted a recent statement saying that he wanted away from the club, and Pep Guardiola has referred to the winger as his "most important bench player."
But for how long does being a "bench player" suffice for one of the most talented youngsters in the world?
The 22-year-old's presence in the starting 11 is sometimes seen as a luxury, with his versatility playing a part in the fact that he has never nailed down a starting place.
Players such as Arjen Robben, Franck Ribery and others have been preferred to the speedy Swiss international. Robben recently extended his contract at Bayern until 2017, and Ribery signed a new deal during the summer for a further four years.
He also faces competition from Mario Gotze and Thomas Muller who have also been excellent this season.
Shaqiri has started and finished just one game this year for Bayern Munich, a 1-1 draw with SC Freiburg, and has appeared in 14 others, being substituted on or off in all of those.
In those appearances, he has scored five times, chipped in with one assist and has really impressed. He is also set to star in the World Cup with his native Switzerland.
Shaqiri can be the answer to several of Liverpool's problem of late. They have a problem on the left wing but have been coping with it due to the fluid nature of Brendan Rodgers' tactics, and the excellence of Daniel Sturridge and Luis Suarez.
Raheem Sterling has been a revelation this year, but when his form has dropped, it has been quite clear that they don't have the quality to replace him.
The likes of Victor Moses, Iago Aspas and Luis Alberto have not impressed, which has led to Rodgers playing central midfielders such as Joe Allen and Jordan Henderson out wide.
Adding a player with the speed and ability that Shaqiri possesses would automatically turn them into European contenders, even more so than they are now.
Investing in the likes of Shaqiri would also show a commitment to progressing as a team to be reckoned with.
Rodgers prefers a 4-1-3-2 or a 4-3-3 tactic with Steven Gerrard or Lucas Leiva as the holding midfielder and speed in every other area of the attacking line. With a player such as Shaqiri, this becomes all the more dangerous a proposition.
With recent developments, and Shaqiri's reported unrest at Bayern, this is becoming a very more real proposition, too.
(all stats provided by transfermarkt.com)