The Reds pair are currently two of Brendan Rodgers’ key men, with Sterling hailed as one of the very best young players in European football and Henderson tipped to replace Steven Gerrard as club captain when the current skipper joins LA Galaxy this summer.
However, the duo’s contract situations are far from clear, with both players having snubbed recent extension deals.
Sterling’s issue is the more public of the two, with his advisors holding out for wages of £140,000-per-week, while the Reds are reluctant to go north of £100,000 – albeit they are willing to match the 20-year-old’s demands based on his progress in the coming two years.
A £50m valuation has been slapped on the attacker in the meantime, but with two years to run on his contract, the Merseysiders are in no rush.
Henderson has also snubbed a recent offer from Liverpool, although his captaincy status, a decision is yet to made, may be an issue as he closes in on the last 12 months of his contract.
But, the uncertainty has alerted Man City, who are keen on both.
Moves for the pair hinge on the sales of players to be in line with FFP restrictions, but investing in their ageing squad while adding home grown players is desirable.