The report claims scouts for the Reds see the Spaniard as a Mohamed Salah ‘clone’ and could act to sign the 25-year-old for €40 million (£34.45 million).
French powerhouse Paris Saint-Germain are also said to be interested in the former Espanyol man and could present major competition to Liverpool’s chances.
In 2017 after signing a new six-year contract at the Bernabeu, then teammate Cristiano Ronaldo tipped Asensio to follow in his illustrious footsteps and one day win the prestigious Ballon d’Or crown.
Liverpool will of course be granted a closer look at the two times Champions League winner when the Reds face Madrid in the quarter-finals of the competition.
Salah’s arrival was transformative for Liverpool and set the Reds on the way to multiple successes.
This current squad don’t necessarily need a similar impact this summer, just additional strength in depth, something the Spaniard would certainly bring.
The mooted £34.45 million asking price isn’t earth-shattering either and could be raised by selling surplus to requirements squad players.