Below is a summary of the full article. Click here for the full version or go back to LFC Live.net
The Italy international struggled for minutes last term, but the departure of Luis Diaz and Darwin Nunez could offer him more opportunities.
The Reds have been busy this summer, adding Florian Wirtz and Hugo Ekitike, among others.
However, Liverpool have yet to meet the Magpies' asking price of around £150million.
The Reds have raised more than £100m through the sales of Diaz and Nunez, who joined Bayern Munich and Al Hilal respectively.
There is Serie A interest in Chiesa, who joined for £12.7m last summer, but Slot has other plans.
According to Gazzetta dello Sport (via The Mail), Slot believes Chiesa is needed at Anfield - at least for now.
Even so, he spoke of having no regrets after ending the campaign at a Premier League champion.
Article continues below
"The year is over.
Slot stood in the way of a January exit, though and is expected to do the same this summer following the sales of Diaz and Nunez and the tragic death of Diogo Jota.
Federico Chiesa could have a bigger part to play at Liverpool this season(Image: Getty Images)
The potential arrival of Isak would boost the Reds' options, though.
If you're curious, you can read our Privacy Notice.
Sky Sports discounted Premier League and EFL package
This article contains affiliate links, we will receive a commission on any sales we generate from it.