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Liverpool are eyeing a swap deal involving Takumi Minamino and Sevilla's Lucas Ocampos, according to reports in Spain.
According to Gazzetta dello Sport, via the Express, Liverpool, Manchester City and Manchester United have all been in contact with Milenkovic's representatives over a move.
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Liverpool fans will hope Jurgen Klopp will be eager to invest in the squad during the summer and gain the reinforcements they have lacked this season.
After a string of defeats in the Premier League, it's felt some upgrades could be needed to help regroup and challenge the likes of Manchester City once again in the next campaign.
With that in mind, here is a round-up of the latest Liverpool transfer rumours.
And now Spanish outlet La Rason, via Daily Star, reports that the Premier League champions are planning on using the midfielder as a makeweight in a deal for Ocampos.
Reports suggest that Ocampos has a £56million release clause, however, Liverpool are eager to bring that down by offloading Minamino in the process.
For more news relating to Manchester City, visit our sister site City Latest Live.