Brendan Rodgers is believed to be keen to bring the France international to Anfield and may use Andy Carroll as a makeweight in any deal. Carroll is currently on a season-long loan at West Ham, but was the subject of interest from Newcastle last summer.
Ben Arfa’s future is said to be in doubt at St James’ Park and earlier this season he hinted he would welcome a move to Paris Saint-Germain.
The 25-year-old is likely to be favorable toward joining Liverpool. His history has been littered with controversy, most notably the way he has attempted to force through previous moves, first from Lyon to Marseille and then from Marseille to Newcastle.
Ben Arfa established himself as a key player for Newcastle in the second half of last season, but has only appeared 13 times in the Premier League this campaign due to injury.
Although Ben Arfa can play in a range of positions, he may well be seen by Rodgers as the man to fill a vacancy out wide. An offer was made without success in January for Blackpool winger Tom Ince.
It has now also emerged that Liverpool attempted to bring in Dinamo Moscow wide man Balazs Dzsudzsak. The Hungary international claimed earlier this week that he had been denied the opportunity to move to Anfield on loan for the rest of the season and that has now been backed up by his club.
"We received an offer from Liverpool for a loan deal but not for a permanent deal," said Dinamo's sporting director Dmitry Galyamin, according to Sky Sports.
"Loaning is not an option for us so we finished the discussions immediately."
The fact that Liverpool only wanted to take the 26-year-old on loan may suggest that they already have a player lined up for the summer—Ince or Ben Arfa perhaps.
Reportedly another player that Liverpool would like to bring to the club is Wigan midfielder James McCarthy. The Republic of Ireland international has impressive performances for the Latics has long seen him linked with a transfer to a bigger club, with the Reds, as well as Arsenal and Everton, thought to be admirers of the 22-year-old’s talents.
McCarthy has revealed that he could be tempted by a move this summer.
"Obviously, it's good to see your name linked with big clubs, certain clubs, it's always nice but I am still a Wigan player and I will keep playing for Wigan until the end of the season," McCarthy said, according to Sky Sports.
"I have been linked with clubs here and there but I will keep working hard and see what the end of the season brings."
Meanwhile, Luis Suarez has given a strong indication that he wants to stay at Liverpool, even if they fail to earn Champions League qualification this season. It has recently been suggested that Suarez could be tempted by a move to Bayern Munich this summer.
Suarez, though, has said he is enjoying his time at Anfield.
"I'm very happy here and my family love the life here too,” he told Spain’s Radio Marca. “I want to enjoy being at this club where I, like all the kids, dreamed of playing and now I'm fulfilling that dream. I'm very pleased and very happy because Liverpool is growing.
"It's not the team that it once was as they have had a dip but now we have a new coach, who has a philosophy of the game with which the players are very happy.
"The only thing missing is to have more positive results so we can finish in a Champions League spot. We would like to qualify for the Champions League if possible. We are young and growing as a team and when the players mature, we will be stronger."
Suarez also said that, despite only signing a new contract last August, he is eager to discuss a new deal either this summer or in 2014.