Liverpool have been heavily linked with the Bayern Munich midfielder throughout the summer, but have yet to get a deal done.
It is felt that Thiago will only join Liverpool if Georginio Wijnaldum intends to leave.
Wijnaldum wants to play in Anfield, but does have interest from Barcelona, which definately means that his future remains insecure.
If Liverpool were to make a move for Thiago then his wages would be expensive for them to fund.
The Spaniard would become Liverpool’s highest earning that the Reds top earner, Mohamed Salah, is on £200,000-a-week.