The 30-year-old, who was signed by former Reds boss Rafael BeniÂtez on a Bosman transfer last summer, has struggled to make an impact at Anfield following the Spaniard’s exit soon after his arrival.
The former Standard Liege midfielder has been linked with a return to Belgium with Anderlecht and Club Brugge, while German clubs Schalke and Stuttgart are also reportedly interested in the Serbia international.
But Greek side Olympiakos have emerged as the frontrunners to secure the winger’s services, although no deal has yet been reached.
“I got the paper from Liverpool that I am free to search for a new club,” he said. “Up to now, I still haven’t received an official offer from Olympiakos, but I am looking forward to hearing their plans.”
Jovanovic’s imminent exit is likely to pave the way for Liverpool boss Kenny Dalglish to recruit a new left winger, with the Reds already having a Â£15m bid for Stewart Downing turned down by Aston Villa on Tuesday.
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