Kenny Dalglish and Alan Hansen are set for places on the Liverpool board.
The Sunday Express says it's part of the club's mission to bring back old traditions in an era dominated by foreign ownership.
Unloved American co-owners George Gillett and Tom Hicks are attempting to sell up with interest coming from just about everywhere on the globe except the United Kingdom.
That's why chairman Martin Broughton, mindful of Liverpool's image, has warmed to suggestions that the club's heritage should be protected by providing boardroom seats for Anfield legends like Dalglish and Hansen.
Dalglish has already been offered a significant role in the running of the club by manager Roy Hodgson, as head of football development.
There are also moves to involve former defender Hansen, though that could prove more difficult because the Scot is a BBC Match of the Day pundit and could deem it a clash of interests.
