Liverpool have reportedly made an £18m bid for PSG forward Ezequiel Lavezzi.
Despite signing six players - Adam Lallana, Rickie Lambert, Dejan Lovren (all from Southampton), Emre Can (Bayer Leverkusen), Lazar Markovic (Benfica) and Divock Origi (Lille) - this summer, Reds boss Brendan Rodgers is still looking to sign a forward to replace talisman Luis Suarez.
And Lavezzi, who has been pretty impressive for Napoli and PSG in recent years, seems to fit the bill.
PSG are reportedly keen to offload the 29-year-old Argentine, along with a few other fringe players, as they look to balance their cheque book, with the arrival of Real Madrid's Angel Di Maria.
The French giants, who have been hit by a ban for breaching UEFA's Financial Fair Play regulations, are reportedly on the verge of signing Di Maria for a reported £60 million. And as they have already spent £40 million for David Luiz from Chelsea this summer, PSG will need to sell some players if they want to adhere to the FFP rules.
Meanwhile, Pepe Reina's nine-year stint at Liverpool has come to an end, after Bayer Munich confirmed that they have reached an agreement with the Merseyside club over the transfer of the Spanish goalkeeper.
The 31-year-old, who joined Liverpool from Villarreal in 2005, became surplus to requirements, following the arrival of Simon Mignolet from Sunderland last season.
Although Napoli, who had taken the Spaniard on loan last season, were expected to make a move for Reina this summer, the deal fell through after the Italian side refused to meet the player's wage demands.
Now, German champions Bayern have confirmed that they have reached an agreement with Liverpool and Reina, with the move only subject to a medical and other formalities.
"The player will come to Munich in the next few days for a medical examination and to sign his contract," Bayern chairman Karl-Heinz Rummenigge told the club's official website.
Rummenigge also confirmed that Reina will serve as a backup to Bayern and Germany number one Manuel Neuer.
"He was eager to come to Bayern Munich. He wanted to embark on this adventure even though he knows that, in Manuel Neuer, he has a keeper in front of him who, if nothing changes, will always remain the number one."