The centre-back, who has not played much for the Merseyside giants this year, will be permitted to leave Anfield if their PS15m valuation is met before Monday’s deadline.
Watford was identified as a possible destination in January’s transfer window earlier than Burnley and Newcastle United.
However, The Athletic states that none of these clubs are ready to meet the demands of Liverpool.
This season, Liverpool’s only win came at AC Milan in Champions League. However, the Englishman impressed during a fixture that saw him also break his cheekbone.
Phillips appears to be on the verge of returning to action. It is possible that Phillips could make several late approaches on Monday.
