Granit Xhaka
Granit Xhaka - Borussia Moenchengladbach v Sevilla - UEFA Champions League Group Stage - Reuters/Ina Fassbender

Liverpool needs to break their club transfer record if they want to capture Borussia Monchengladbach midfielder Granit Xhaka.

Liverpool are looking into the possibilities of making a bid for the 23-year-old whom they consider as the perfect piece in the jigsaw puzzle, according to a report by German newspaper Bild.

Monchengladbach are reportedly asking a fee at around £37 million (AU $76.6 million) but it could be beneficial for Liverpool if they pay the price since the Anfield club need more creative options in their midfield.

Xhaka currently has 3 goals under his belt from 15 matches in the Bundesliga.

Meanwhile, Liverpool manager Jurgen Klopp has asked his former club Borussia Dortmund to lend Neven Subotic. The German coach has no central defenders ahead of the Reds match against Exeter this weekend, according to The Telegraph.

Negotiations are in progress between both the clubs regarding the loan transfer of Subotic. However, the move is far from being finalised.

Aston Villa has cancelled Liverpool defender Tiago Ilori’s loan deal and the Portuguese may head straight into the Exeter match wearing the famous red jersey.

Liverpool is also considering Joel Matip of Schalke in the January transfer window rather than waiting for the defender until summer. Matip will be available free of contract ahead of next season but the German club is trying everything to make the defender sign a new contract.

According to Italian website TuttoMercato, Jurgen Klopp’s second signing of the winter transfer window could be Italian defender Andrea Ranocchia of Inter Milan. Ranocchia is struggling to find first team football at Stadio Giuseppe Meazza and only a fee stands in between both the clubs agreeing over the transfer.

Joe Gomez, Martin Skrtel, Jon Flanagan, Mamadou Sakho and Lovren are all injured for the Reds and this might be the perfect opportunity for Ranocchia to walk into Liverpool’s first team if a fee is agree between Klopp and Inter Milan coach Roberto Mancini.