The Daily Star suggests that the Reds are monitoring the Newcastle star ahead of a potential January move, with Ligue 1 champions Paris Saint-Germain also interested in a player who Toon boss Alan Pardew is evidently desperate to keep at St. James' Park.
It might not just be Laurent Blanc's PSG who provide the main source of competition for Cabaye - whose valuation reportedly stands at around the £20 million mark - in the new year, however.
Premier League leaders Arsenal, who have enjoyed a fabulous resurgence this season under the tutelage of experienced manager Arsene Wenger and will hope to bounce back from Saturday's 6-3 mauling at the hands of Manchester City, have also been linked once again with the midfielder in recent weeks.
Arsenal made a bid for Cabaye back in the summer, an offer that provoked a furious response from an agitated Pardew, who believed that the bid - which came on the eve of Newcastle's opening Premier League clash of the 2013/14 season away at the Etihad Stadium - had been 'disrespectful'.
Whether Arsenal truly need another midfielder, though, is a matter for considerable debate with so may talented players currently competing for places in North London.
Liverpool boss Brendan Rodgers, meanwhile, could perhaps use one or two more reinforcements in the middle of the park with the likes of Steven Gerrard being hampered by injury and Spanish summer signing Iago As
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