Liverpool need two more signings to compete with Manchester City for the Premier League title this season, according to James Pearce of The Athletic.
It has been reported that Liverpool will look to offload some of their fringe players to fund moves for new arrivals.
One of the players likely to leave this summer is Ben Davies.
The 25-year-old joined the club during the January transfer window from Preston North End, and Liverpool are now willing to let him go.
The Reds recently rejected an initial loan offer from Sheffield United, who wanted an option to buy him next summer.
Scottish Premiership giants Celtic and Championship outfit Bournemouth are also interested in signing the centre-back.
Liverpool signed Davies and Ozan Kabak as short-term options, with Virgil van Dijk, Joel Matip and Joe Gomez ruled out for the remainder of the campaign.
Davies, who is on £60k-per-week wages at Liverpool, is yet to play a minute of competitive first-team football for the Reds, and his future lies away from Anfield.
With van Dijk, Gomez and Matip all now fully fit, and Liverpool adding Ibrahima Konate to bolster their defence, Davies will down the pecking order.
Celtic are in the process of rebuilding under Ange Postecoglou, and the Bhoys have already made some smart signings.
Six new players have arrived at the club, including two centre-backs.
Carl Starfelt and Osaze Urhoghide have been signed, but another quality addition in the form of Davies would be fantastic for them.