Reds boss Jurgen Klopp is looking for creative reinforcements following the departure of Philippe Coutinho, and it is now claimed that Demirbay is on his radar.
RB Leipzig star Naby Keita will complete his switch at the end of the season but he could be joined at Anfield by another Bundesliga star, if reports are to be believed.
The Germany international has caught the eye and both Liverpool and Arsenal have told Demirbay’s agent they are willing to pay the £28million release clause in his contract.
The 24-year-old is in hot demand though and competition for his signature will be fierce, with Merseyside rivals Everton, along with AC Milan, Atletico Madrid, Schalke and Borussia Dortmund also said to be keen.
Uwe Rosler was sacked by Fleetwood following a 3-0 reverse at Doncaster which condemned Town to a seventh straight defeat in all competitions.
Cambridge interim head coach Joe Dunne was pleased with how his side adapted to beat Grimsby 3-1.
Southend manager Chris Powell led the applause for Jason Demetriou after the right-back scored twice in the 3-1 win against Portsmouth at Roots Hall.
Morecambe boss Jim Bentley was the happier manager after Gregg Wylde's 90th-minute strike earned his side a point in their 1-1 draw with Forest Green.
Manager Gareth Ainsworth described Wycombe's 2-0 win at Cheltenham as a thoroughly professional performance.
Skipper Richard Wood scored the winner just before half time as in-form Rotherham pulled off a 1-0 victory at League One leaders Shrewsbury.