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Published 09:06 7 Apr 2019 BST
Updated 09:11 7 Apr 2019 BST
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Memphis left United for the Ligue 1 club Lyon in January 2017. His form there - and with the Dutch national side - has seen him tipped to make a return to one of Europe's major leagues.
Liverpool are said to gave been watching him regularly. He is valued at around £50m.
This is not the first time the 25-year-old has been linked with a move to Anfield. Prior to his arrival at United, his impressive form with PSV Eindhoven, who he helped steer to the Eredivisie title in 2015, saw speculation that he may seal a move to Liverpool.
Talk of such a move was swiftly ended as Louis van Gaal, his former manager with the Dutch national side, sanctioned a £30m bid to take him to United.
Though talk of Jurgen Klopp making a move for Depay may seem a little far-fetched, it is at least slightly more believable than the rumour that he was poised to move for Everton's Richarlison, which emerged in Brazil earlier in the week.FIFA confirm major rule change days before World Cup starts
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