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Despite already clinching the Premier League title, the Reds are keen to improve their ranks ahead of next season.
Frimpong has shone for Leverkusen since arriving from Celtic in 2022.
The former Manchester City academy product helped the German outfit land a surprise Bundesliga title last season, attracting eyes from across Europe to his performances.
Liverpool are ‘seriously’ pursuing a move for the Netherlands international to replace Trent Alexander-Arnold.
Frimpong is open to leaving Leverkusen this year and could reportedly be snapped up for as little as £29.7million.
The 26-year-old was booed by sections of the Anfield crowd during his side’s 2-2 draw with Arsenal on Sunday - his first appearance since making his decision public.
There are some on Merseyside who hope that academy graduate Conor Bradley can win more game time in Alexander-Arnold’s absence next season.
Ancelotti has been confirmed as the new Brazil national team boss and will start his new role at the end of the month.
Leverkusen were unable to defend their Bundesliga title, relinquishing it to Bayern Munich with a game to spare.
Meanwhile, Liverpool boss Slot is keen to play down comparisons between Alexander-Arnold and Bradley.
For me he is already there ahead of development than being at Chelsea for the first time.
"Unfortunately, he hasn't been fit all season but to become a good player you have to be fit all season but we have a lot of confidence in him as a very good full-back for Liverpool.
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