The new Reds boss wants to bring in a replacement for Paul Konchesky, one of Roy Hodgson’s high-profile flops, to improve their defence.
Alongisde Damian Comolli, Dalglish has amended Liverpool’s January transfer wishlist, which now includes Ryan Shawcross and Ricky van Wolfswinkel at the top.
Coentrao is one of the best full backs around and would be a significant coup for Liverpool and possibly signal signs of better things to come for the remainder of the season.