Anfield boss Kenny Dalglish is believed to be contemplating a swoop for the Sweden international playmaker as he looks to rebuild his side for a push for the Premier League title
Elm currently plies his trade with Dutch outfit AZ Alkmaar and has been in scintillating form this season, bagging 12 goals to fire his side to second in the Eredivisie.
Dalglish has been impressed with the scout reports on the 24-year-old and sees him as the ideal player to strengthen the side’s midfield core.
The Scot has claimed that he will have money available in the summer but a spree may be unlikely after seeing £75 million spent on Andy Carroll, Jordan Henderson and Stewart Downing alone in the past 15 months.
The Swede is approaching the final year of his contract and could be available for £8m but Liverpool will face competition for the signature of the highly-rated star as clubs in Spain, Italy and the Premier League are all thought to be showing an interest.
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