The 28-year-old has failed to cement his place in the Liverpool XI since arriving from Arsenal five years ago and is widely expected to leave in the coming weeks.
Oxlade-Chamberlain only has 12 months left to run on his Anfield contract, and his lack of game time means that Liverpool cannot afford to play hardball over a fee.
Now, the Liverpool Echo - via The Mirror - claims that Liverpool will sanction Oxlade-Chamberlain's exit for as little as £10m as they seek to avoid losing him for nothing next year.
Liverpool paid £34.2m to sign the England international from Arsenal in the summer of 2017, but his time on Merseyside has been plagued by injuries.
Oxlade-Chamberlain has amassed 17 goals and 15 assists in 133 games for the Reds in all tournaments, but he has missed a further 74 matches through fitness issues or illness.
The midfielder's 2021-22 campaign saw him register three goals and three assists from 29 outings, but he only made 17 Premier League appearances for Jurgen Klopp's side.
Only nine of those top-flight matches saw Oxlade-Chamberlain feature from the first whistle, and he was left out of the squad entirely on 10 occasions.
The ex-Southampton youngster has still won the Premier League, Champions League, UEFA Super Cup, FA Cup, EFL Cup and Club World Cup with Liverpool, in addition to collecting three FA Cups with Arsenal.
Liverpool have already boosted their midfield ranks with the signing of Fabio Carvalho, who joins after playing a key role in Fulham's successful push to the Premier League.