LIVERPOOL co-owner Tom Hicks has reportedly started discussions with a wealthy Middle East family over a possible £600 million ($A1.27 billion) sale of the English Premiership club.
English newspaper, the Daily Telegraph said on its website, preliminary talks are being held with the Kuwaiti Al Kharafi family, led by the world's 48th richest man Nasser Al Kharafi.
A purchase of Newcastle United by the Al Kharafi family last year had also reportedly been a possibility.
Sources have claimed both Hicks and co-owner George Gillett, who own Liverpool shares at 50-50 and therefore need to be in agreement to sell the club, both have a new willingness to find the right buyer.
The key negotiator from the Al Kharafi family is believed to be Nasser's nephew, Rafed Al Kharafi.
Construction, plus a number of other activities in banking, catering and tourism are the basis of the family's wealth, the site continued.
Liverpool's discussions with the Al Kharafi’s started when Liverpool's finance director, Phillip Nash, a close ally of Hicks, went to Kuwait earlier this week.
The talks with the Al Kharafi’s are in fact the second time within 12 months that the American owners have tried to sell the five-time European champions to the same family.