The French international has long been heralded as one of Ligue 1’s top talents, and is rumoured to be edging towards a move away from the Stade Velodrome following his side’s difficult start to the season.
A January switch is believed to be unlikely, but the Reds could launch an end of season raid for the impish playmaker.
Monaco are said to be keen to land the creative ace, but it is understood that Liverpool may launch a rival offer for the 29-year-old.
Anfield chief Brendan Rodgers is known to be keen to add to his attacking ranks, despite having watched his side make an excellent start to the campaign thanks to their options in the final third.
The Northern Irishman failed with bids for several big name attacking midfielders during the last window, but has not been deterred in his hopes to add to his ranks.
Valbuena is seen as a good option, with the Marseille ace possessing a wealth of experience and know-how at the very highest level.
Able to play on either flank or in a central role, the versatile star could also be a good fit in Rodgers’ fluid playing system.