Liverpool are 'still keen on a deal with Watford for Ismaila Sarr worth up to £36million and want Ousmane Dembele on loan from Barcelona'.
The Reds have already secured the signings of Thiago Alcantara and Diogo Jota for a combined £65m but remain interested in strengthening further.
According to France Football, Sarr's agents have met with Liverpool officials and a deal has been agreed with Watford that could reach £36m.
A contract worth £120,000-a-week has also been discussed but terms are yet to be agreed.
The 22-year-old is also of interest to Everton and Manchester United and the report also states that Aston Villa have entered the race, believing the lure of first team football could swing things in their favour.
After a quiet transfer window aside from the addition of Konstantinos Tsimikas for £11.75million from Olympiacos, Liverpool sprung into life in the past few days.
Thiago and Jota have joined the ranks but France Football claim that the Anfield outfit are not finished.
They are understood to be interested in signing Dembele from Barcelona but are chasing a loan deal.
The Catalan side want a permanent transfer for the French international winger so at this stage the move is unlikely.
Klopp is conscious of bringing in competition for Liverpool's front three of Sadio Mane, Roberto Firmino and Mo Salah.
Jota will provide just that with Sarr and Dembele representing more depth in the attacking third for the Premier League champions if they can secure one or both.
Liverpool have made a strong start to their title defence with a 4-3 win over Leeds followed by Sunday's 2-0 victory against Chelsea at Stamford Bridge.