The Switzerland worldwide is keen to leave Stoke after their relegation from the Premier League and is reported to have a release clause in his contract, although the exact details of that remain unknown.
Shaqiri does have a release clause but the exact details are unknown at this stage, though the fee is believed to be higher than the widely reported £12m.
Liverpool have already bolstered their midfield options this summer with Naby Keita and Fabinho, for £52.75m from Red Bull Leipzig and £43.7m from Monaco respectively, and had lined up a £53m move for Nabil Fekir until a medical raised concerns.
Shaqiri has spoken publicly of his desire to remain in England , and talks between Liverpool, Stoke and the player's representatives are underway.
Shaqiri arrived at Stoke three years ago but has openly admitted he wants to play elsewhere after the club were relegated at the end of last season.
They could have him in place to travel to the U.S. where they will play Borussia Dortmund, Manchester City and Manchester United later this month.
Liverpool's summer transfer window is about to get even more interesting now that the World Cup is close to coming to an end. They have no interest in the likes of Nick Pope, Jasper Cillessen, Thomas Strakosha and Jiri Pavlenka, all of whom have been linked of late.