Reports in the British Press claim Liverpool are to sign both Javi Manquillo and Alberto Moreno.
Sky Sports says the Reds will complete the signing of both full-backs, right-back Manquillo from Atletico Madrid and left-back Moreno from Sevilla.
Manquillo would move on loan to Anfield with a £6m [€7.5m] transfer to follow. The initial loan spell could cover two seasons.
Moreno, a long-term target of manager Brendan Rodgers, would be sold permanently for a fee in the region of £20m [€25m].