The Dutchman's current deal is set to expire at the end of the current season, despite many attempts between Liverpool and Georginio Wijnaldum, there has not been an agreement on a new deal.
Failing to agree on a new contract for the midfielder, Liverpool will be in the market for a replacement for Wijnaldum who, becoming more likely by the day, looks to be leaving The Reds.
Barcelona are the frontrunners to land the Dutchman, with Ronald Koeman desperate to reunite with the man he coached at international level.
Wijnaldum has spoken previously about how difficult it will be to leave Liverpool after spending five years at the club.
“It will be difficult but you don't know the situation, why you have to leave it always depends on the situation. But I would be devastated that I don't play with this team anymore, that is for sure.” Wijnaldum said.
Regardless of Liverpool's struggles this season in the league, Wijnaldum has been consistently solid playing 40 games in a team that has been riddled with injuries.
The former Newcastle midfielder has developed into one of the best box-to-box midfielders in the Premier League during his time at Liverpool and it would be a huge blow for Jurgen Klopp to lose a player of his calibre.
The German manager has previously vocalized his opinion about Wijnaldum potentially leaving and said he isn't worried just yet.
"It is no problem. We've had situations like this before - with Emre Can for example. He played and he gave his absolutely everything until the last day of his contract and Gini will do the same, no doubt about that,” Klopp said.
"Gini is one of the best people I have ever met, and he is one of the best players I've ever trained and he is an outstanding person. so it means there is no issue, no issue at all. An outstanding professional. We are professionals.”
It will be a massive loss for Liverpool if Wijnaldum leaves Liverpool on a free.