The Merseyside club rejected a €75 million bid from Saudi side Al Nassr in January, but all options are now understood to be under consideration as they prepare for a potential shake-up in attack.
Nunez, who joined from Benfica in 2022 in a deal worth up to £85 million, has endured an inconsistent spell at Anfield. Despite contributing 10 goals and 10 assists this season, the 25-year-old has struggled to establish himself as a reliable focal point in Liverpool's frontline, often drawing mixed reviews for his performances.
According to reports, Liverpool's recruitment strategy is already evolving, with Newcastle United's Alexander Isak emerging as a top target. The Reds are said to be weighing up a record-breaking move in the region of €150 million.
While no formal decision has been announced, the sense is that both club and player may be ready for a parting of ways. With the summer window approaching, interest from Europe and beyond is expected to intensify as Liverpool look to reshape their attack for the next chapter.