The 20-year-old is out-of-favour at A Milan and could leave the club in the January transfer window.
Chelsea, Tottenham and Arsenal ae also interested in signing the Italy ace, according to the Daily Star.
The Liverpool owners are ready to back manager Brendan Rodgers in the January transfer window, but El Shaarawy could cost the Reds around £25million.
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Chelsea have struggled to build momentum in the opening stages of the campaign and are currently looking over their shoulders at the relegation zone.
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