According to TEAMtalk, Targett is seen as a pracitcal signing by both Unai Emery and Jurgen Klopp.
The Reds are looking for competition for Andy Robertson after announcing that Alberto Moreno is leaving the club when his contract expires.
It's reported that Leicester, Aston Villa, Newcastle and Fulham are all interested.
Targett himself is believed to be expecting a move after the Saints told him they would sell him for the right price, in favour of keeping Ryan Bertrand.
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