Brendan Rodgers has refused the option to re-sign former striker Michael Owen, according to The Guardian.
The veteran forward was released by Manchester United at the end of last season after an injury-prone spell at Old Trafford, and has failed to land a new club during the transfer window.
However, with the Reds being left with Fabio Borini and Luis Suarez as their only recognised strikers, the Northern Irish manager was considering a move for the free agent to bolster his options in attack.
Rodgers has been charged with signing players that will protect the future of the Merseyside club, and is backed by owner John W Henry, who does not want short-term fixes.
Owen is still being chased by a number of Premier League clubs, with Sunderland and Stoke both thought to be keen to land the marksman in the near future.
By Gareth McKnight