The Germany international has been linked with a potential move to the Premier League following an underwhelming season at Borussia Dortmund.
Gotze broke into the Dortmund team under Klopp in 2009 and the attacker won two Bundesliga titles and the German Cup before his controversial move to Bayern Munich in 2013.
The German playmaker won four successive Bundesliga titles with the Bavarian side but fell down the pecking order in his final two seasons at the Allianz Arena.
Gotze moved back to Dortmund last summer but the World Cup winner struggled to rekindle his best form to fuel talk of a potential move to the Premier League this summer.
The Dortmund playmaker has been regularly linked with a move to Liverpool FC since his former manager Klopp took over the reins from Brendan Rodgers in 2015.
Bundesliga expert Lee Price believes Gotze could finally reunite with the charismatic German head coach this summer.
“Liverpool have emerged as the favourites to sign Mario Gotze,” Price told the Daily Express.
“Their deal for Nabil Fekir collapsed, and the club are scraping around for alternatives – with Aston Villa’s Jack Grealish and Stoke’s Xherdan Shaqiri both being monitored but not convincing Jurgen Klopp.
“One man he has known and liked for a long time – and has considered signing for Liverpool on two occasions – is Mario Gotze.
“The German star is out of favour at Borussia Dortmund, and wants to test himself in England, plus would command a relatively modest fee in today’s hyperactive transfer market.
“Most Premier League clubs would take the star, but Liverpool would be his top choice, largely because of the Klopp factor – who he worked with at Dortmund.
“Klopp thinks he can revitalise the player’s career, unearth a bargain, and add strength in depth to his squad.”
Gotze scored Germany’s winner in extra-time in a 1-0 victory over Argentina in the World Cup in Brazil in 2014.
Liverpool FC lost 3-1 to Real Madrid in the Champions League final last term.
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