Liverpool rejected an offer from Paris Saint Germain for winger Ryan Babel before Monday's transfer deadline.
L'Equipe says PSG were keen to land Babel and made a bid for a permanent transfer, but were turned down by Liverpool.
Babel is reported to have rejected a move to Birmingham City, who made several bids to seal a move to St Andrews. Hoffenheim, Stuttgart, Ajax and Marseille were also linked with the Holland international.