The Serbian recently revealed that he will not be signing a new contract with La Viola, despite his current deal being set to expire at the end of the season.
This has alerted a number of European sides, including both Spurs and Liverpool.
The Londoners have been linked with the 21-year-old for some time, but now the Reds are also keen as Brendan Rodgers looks to up his transfer activity in bid to assemble a squad capable of a top four push.
He sees Ljajic as a player who can slot into his current set-up and provide extra creativity.
Tottenham chief Andre Villas-Boas may look to up his interest in the Eastern European ace with his current move for Anzhi Makhachkala’s Willian in doubt.
The Premier League rivals have clashed in the transfer market on a number of occasions in recent times.
Last summer Spurs beat the Merseysiders to both Clint Dempsey and Gylfi Sigurdsson and have also moved ahead in the battle for Willian over the course of the past few weeks.
Would Liverpool or Tottenham be the right choice for Adem Ljajic?
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