The 22-year-old has become one of the most coveted midfielders in Europe after establishing himself in the Monegasques first team with five goals and two assists in 48 matches across all tournaments this season.
Real Madrid and Paris Saint-Germain are also rumoured to be interested in the France international, but Liverpool are leading the charge for a player who will likely command a £59m figure this summer.
Here, Sports Mole takes an in-depth look at how Liverpool could line up with Tchouameni in the side.
While Jordan Henderson has captained this Liverpool side to Premier League and Champions League glory among others, the England international turns 32 next month and has not been immune from criticism this season.
With Naby Keita, Curtis Jones and Alex Oxlade-Chamberlain also failing to cement themselves as regular starters - not to mention James Milner's advancing years - Tchouameni's spot in the midfield picks itself.
The former Bordeaux man would play ahead of Fabinho in the number six role while Thiago Alcantara continues to pull the strings in the engine room, even though he has tended to play in a double pivot with Youssouf Fofana at Monaco.
Tchouameni could be joined by compatriot Ibrahima Konate in the XI, with the Frenchman eight years Joel Matip's junior at 22 and featuring regularly for the Reds en route to the Champions League final.
Mohamed Salah and Sadio Mane's futures are still shrouded in uncertainty, but as things stand, the dynamic duo will continue to lead the Liverpool charge into 2022-23 alongside star signing Luis Diaz.