Liverpool are allegedly planning to offer Jordon Ibe to Southampton in a swap deal for Sadio Mane.
According to The Sun, Reds boss Jurgen Klopp is ready to make a player-plus-cash offer for the Senegal international.
Previous reports suggest that Southampton are unwilling to listen to offers of less than £25m for Mane, who has been tipped to leave the club this summer.
Tottenham Hotspur have also been linked with the player, with former Saints boss Mauricio Pochettino thought to be interested in reteaming with him at White Hart Lane.
Liverpool have reportedly made Mane their primary summer transfer target after failing to land Germany international Mario Gotze from Bayern Munich.