The England international endured another disappointing Premier League campaign after seeing his season disrupted by a string of niggling injuries and a loss of form.
The 22-year-old scored just one goal in 22 Premier League game, although 13 of those top-flight appearances came from the bench for Arsene Wenger’s side.
Jurgen Klopp is thought to be keen to strengthen his attacking options in the Liverpool squad after a disappointing end to his first season in charge at Anfield.
According to the Sunday Express, Liverpool want to sign the 22-year-old Arsenal winger ahead of interest from Premier League champions Leicester City.
England international Oxlade-Chamberlain made the move to Arsenal in a reported £10m deal from south coast outfit Southampton in 2010 but has failed to build on his early promise as a Gunners player.
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