Bellingham is said to be a target for Manchester United as well as a host of other Premier League clubs.
Man United were heavily linked to the 16-year-old in January but reportedly failed in their efforts to sign the youngster.
It's understood that Bellingham has six top-flight clubs chasing his signature, such is his promise as a player.
The England Under-17s captain is Birmingham City's youngest ever debutant and the midlands side value him at £30m.
Bellingham is believed to have first caught the eye of United when he scored a long-range effort against the club in an Under-16s game.
And whilst Liverpool's interest spells concern for United, it's reported that Old Trafford is still the teenager's likeliest destination.
Jurgen Klopp's side, however, are the high-flying side in European football at this moment in time and could prove a tempting proposition for Bellingham.
But it mightn't just be English sides that make a move for the Blues' prized asset, as it's thought that the two La Liga giants are keeping an eye.
The increasing number of interested parties could drive Bellingham's price up - to the delight of Birmingham.
The Championship side will be hoping to make a big profit which they can pump back into reinforcing their side.
Birmingham currently sit 14th in England's second-tier, nine points clear of the drop-zone.
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