The Reds are thought to be keen to boost their attacking options, with just over two weeks of the transfer window remaining.
A move to Anfield would see Traore link up with his former Wolves teammate Diogo Jota, who made the switch last September.
Certainly in terms of his pace, the 25-year-old would fit the bill for Jurgen Klopp's front line, with fellow speedsters Mo Salah and Sadio Mane having caused more than their fair share of carnage in recent seasons.
That said, Traore is a long way off in goalscoring terms, having found the back of the net only seven times in 103 Premier League appearances for Wolves (albeit 40 of those have come from the bench).
It's been a quiet summer for Liverpool so far in terms of signings, with former RB Leipzig centre-back Ibrahima Konate the sole new arrival.
Get the best features, fun and footballing frolics straight to your inbox every week.
Thank you for signing up to Four Four Two. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.