Speaking to German newspaper BILD, via Mirror's David Anderson, Leverkusen's sporting director Rudi Voller confirmed that the Reds have not yet launched a formal bid. General manager Michael Reschke added that another year at the BayArena would be more beneficial to the starlet's career: "We will do everything we can to keep Emre. Because we are convinced that another year would be right for his sporting development with us."
Since moving to Leverkusen from Bayern Munich last summer, Can has thrived in the first genuine first-team opportunities afforded to him in North Rhine-Westphalia, starting in 24 of his 29 Bundesliga appearances.
As Anderson mentions in his report, there is a buyout clause of £9.8 million in Can's contract, but the deal is complicated by Bayern's first-option clause, granting them first refusal on the budding playmaker.
However, German magazine kicker, via ESPN FC's Stefan Uersfeld, claims that Leverkusen are free to sell Can anywhere in Europe.
German football writer Raphael Honigstein reveals another aspect of the negotiations that would appear to run in Liverpool's favour:
Can has excelled this term as part of a talented midfield crop at Leverkusen, and it would be sad to see that progress interrupted should he fail to maintain a similar level of first-team involvement as a result of any summer move.
However, Brendan Rodgers may soon need to add another central midfielder to his roster, with injury-prone Lucas Leiva being linked with a move to Inter, per Sky Sports.
At present, Steven Gerrard and Jordan Henderson stand as the Reds' most commonly used midfield pairing, with Joe Allen utilised when fit.
Can has earned early comparisons to Bastian Schweinsteiger in his style of play, and it's possible that Rodgers envisages the youngster one day stepping in to fill Gerrard's boots as the 33-year-old's involvement begins to wane.
Leverkusen would undoubtedly prefer to sell to Liverpool should their hand be forced, as they could receive a larger transfer sum and would not be handing his talents back to a direct rival.
However, Der FCB's grip on matters such as these can often prove domineering, and Liverpool may face a stern test in obtaining Can should Bayern feel compelled enough to exercise their option on his signature.