The Spanish shot-stopper is a free agent, meaning that he is free to find a club outside of Monday night's transfer deadline.
According to Sport, Valdes has agreed terms with the Reds and is on the verge of moving to Anfield.
Brendan Rodgers is said to see the ex-Barca man as the ideal keeper to put pressure on Simon Mignolet.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Liverpool | 15 | 11 | 3 | 1 | 31 | 13 | 18 | 36 |
| 2 | Chelsea | 16 | 10 | 4 | 2 | 37 | 19 | 18 | 34 |
| 3 | Arsenal | 16 | 8 | 6 | 2 | 29 | 15 | 14 | 30 |
| 4 | Nottingham ForestNott'm Forest | 16 | 8 | 4 | 4 | 21 | 19 | 2 | 28 |
| 5 | Manchester CityMan City | 16 | 8 | 3 | 5 | 28 | 23 | 5 | 27 |
| 6 | Bournemouth | 16 | 7 | 4 | 5 | 24 | 21 | 3 | 25 |
| 7 | Aston Villa | 16 | 7 | 4 | 5 | 24 | 25 | -1 | 25 |
| 8 | Fulham | 16 | 6 | 6 | 4 | 24 | 22 | 2 | 24 |
| 9 | Brighton & Hove AlbionBrighton | 16 | 6 | 6 | 4 | 26 | 25 | 1 | 24 |
| 10 | Tottenham HotspurSpurs | 16 | 7 | 2 | 7 | 36 | 19 | 17 | 23 |
| 11 | Brentford | 16 | 7 | 2 | 7 | 32 | 30 | 2 | 23 |
| 12 | Newcastle UnitedNewcastle | 16 | 6 | 5 | 5 | 23 | 21 | 2 | 23 |
| 13 | Manchester UnitedMan Utd | 16 | 6 | 4 | 6 | 21 | 19 | 2 | 22 |
| 14 | West Ham UnitedWest Ham | 16 | 5 | 4 | 7 | 21 | 29 | -8 | 19 |
| 15 | Crystal Palace | 16 | 3 | 7 | 6 | 17 | 21 | -4 | 16 |
| 16 | Everton | 15 | 3 | 6 | 6 | 14 | 21 | -7 | 15 |
| 17 | Leicester CityLeicester | 16 | 3 | 5 | 8 | 21 | 34 | -13 | 14 |
| 18 | Ipswich TownIpswich | 16 | 2 | 6 | 8 | 16 | 28 | -12 | 12 |
| 19 | Wolverhampton WanderersWolves | 16 | 2 | 3 | 11 | 24 | 40 | -16 | 9 |
| 20 | Southampton | 16 | 1 | 2 | 13 | 11 | 36 | -25 | 5 |
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