Liverpool eye prolific €30m man alongside Benteke and Ings.
The Reds have already spent big on Christian Benteke this summer, while Danny Ings has also joined the club and young forward Divock Origi has linked up with the first-team after spending last season on loan at Lille.
Still, Lacazette’s superb form in Ligue 1 has caught the Reds’ interest, and the Daily Mirror claim that the club could bring him in as another option up front this summer.
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Meanwhile, Roma could move for Balotelli, though they have seemingly ruled out this option for now, with Manchester City’s Edin Dzeko likely to move to the Stadio Olimpico instead.