The Black Cats winger has been in excellent form of late, spearheading his side’s run which has seen them move clear of the foot of the Premier League table and book a spot in the Capital One Cup final.
His top-notch displays have even led to talk of a fresh England call-up from Roy Hodgson, and it appears they have also caught the eye of Brendan Rodgers.
The Anfield chief is known to be in the market for attacking reinforcements, and is thought to see Johnson as the ideal man to bolster his already star-studded frontline.
In a bid to snap up the Sunderland-born wide-man, he is willing to let Borini make his loan move to the Stadium of Light a permanent one at the end of the season.
The Italian marksman joined the North East club from Liverpool on a season-long loan deal, and has thrived with regular playing time.
However, he is believed to have little future on Merseyside, with Rodgers possessing Luis Suarez, Daniel Sturridge and talented Spaniard Iago Aspas.
As a result, the Northern Irishman is considering a deal which would see the two players move in opposite directions.
Johnson could well be keen on the idea, while Borini might also be attracted to staying put.