Yarmolenko figured prominently for Ukraine in their World Cup qualifiers against England, and is valued at around £15million.
He has enjoyed a superb first half of the season, scoring eight goals in 16 appearances for Kiev, while his international record is also impressive.
He has managed a total of 14 goals in 38 caps for the Ukraine.
Negotiations over a transfer for Salah are ongoing for the Reds, but Brendan Rodgers is considering alternatives as FC Basel continue to drive up the price.
The Swiss club are demanding a figure in the region of £15million for the 21-year-old dubbed ‘the Egyptian Messi,’ while initial reports suggested Liverpool were hoping to complete the deal for as little as £7million.
Salah has been grabbing the headlines over the past 12 months with a series of excellent performances for FC Basel in both the Europa League and Champions League.
He scored the winner against Jose Mourinho’s Chelsea in a Champions League game in November, and is reportedly Brendan Rodgers’ top January target.
But the Liverpool boss will not be held to ransom over the talented winger, and will make a move for Yarmolenko if negotiations with Basel continue to stutter.