The Sunday Mirror reports that the Merseyside club are wary of taking risks over his future.
Rodgers has two years left on his current contract with Liverpool.
Reports suggest that Rodgers has admirers at Manchester City, Arsenal and Tottenham.
Rodgers won the Premier League Manager of the month for August.
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.