Since moving to Anfield from Porto in a £37.5m deal in January 2022, Diaz has established himself as a key player at the Premier League giants.
A total of 22 goals and 13 assists have been contributed from his 86 appearances in all competitions, defying a knee injury sustained in 2022-23 to re-emerge as a regular during this season.
Despite the occasional criticism regarding his form, the Colombia international has still chipped in with 11 goals and five assists.
Possessing a contract until 2027, it remains plausible that Diaz chooses to remain on Merseyside in the long term, even after a new manager arrives later this year.
However, that has not stopped the 27-year-old being linked with a move elsewhere, with Paris Saint-Germain among the clubs said to be monitoring the situation.
Should a transfer become a possibility in the future, clubs from Spain will naturally be interested, with the likes of Barcelona already said to be admirers.
Nevertheless, at a time when the Catalan giants must first resolve their well-documented financial issues, a transfer to either Real Madrid or Atletico Madrid appears more likely.
Speaking to SER Deportivos before Colombia played Romania in a friendly at Atletico's Civitas Metropolitano on Tuesday evening, father Mane Diaz has acknowledged that he would like to see his son ply his trade at one of the Madrid clubs in the future.
He said: «When he left Porto I was not aware that there was anything positive with Madrid clubs. I heard things, but I never knew if there was anything else.
»With Liverpool everything was more precise. The directive was more precise for Luis to arrive
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