The club have been looking at the possibility of moving away from Anfield for some time.
They are hoping to increase their capacity to boost revenues and make the team more competitive.
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The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.
Five English clubs will compete in the last sixteen of the Champions League for the first time ever as Liverpool, Manchester United, Manchester City, Chelsea and Tottenham face some difficult away matches.