The former Celta forward has never really been a fixture in the title contenders side with the 26 year-old making just 5 starts in the league all season with Daniel Sturridge and Luis Suarez occupying the main role in the team each week.
Now after just one season, it seems that Aspas will be let go. And they want to take advantage of Valancia's former interest in the striker to whom the Reds beat to sign last summer in the 7 million pound move They are believed to be contemplating a money plus Aspas offer to take the talented young gun Paco Alcacer.
The Merseyside made their interest concrete as they went to watch the Spaniard last Thursday where Valencia took on FC Basel in Switzerland in the first leg of the Europa League quarter finals.
Alcacer, 20, has been a bright spark for Los Che this season who sit in a lowly 8th spot with 11 goals and 3 assists in 29 appearances in all competitions.