Liverpool owners John W Henry and Tom Werner are considering offering Kenny Dalglish a role at the club, just eight months after sacking him as manager.
The 61-year-old, who was dismissed last May, has not yet been contacted by the Americans who are discussing offering Dalglish an ambassadorial role.
Dalglish has been back to Anfield on two occasions since his sacking, but did not speak to the owners.
Current manager Brendan Rodgers is understood to be open to the idea.
Were Dalglish to be offered a return, he would most likely resume the role of club ambassador he held from 2009 until he replaced Roy Hodgson as manager in 2011. Henry's Fenway Sports Group (FSG), do not see the Scot's possible return as likely to be a destabilising influence on the new regime.
When Dalglish left the club last May, he said: "I said when first approached about coming back as manager that I would always be of help if I can at any time, and that offer remains the same."
Henry also left the door open. "Kenny is in many ways the heart and soul of the club. He personifies everything that is good about Liverpool Football Club," he said at the time.
"He has always put the club and its supporters first. Kenny will always be a part of the family at Anfield."