Hodgson, who has spent just £3.9 million on Danny Wilson, Milan Jovanovic, Jonjo Shelvey and Joe Cole this summer, is thought to want at least three more signings before the August transfer window closes, including a left-back, a midfielder and a forward.
The Danish international Christian Poulsen is expected to arrive in a £4 million deal from Juventus this week after his agent held talks with the Premier League club on Friday, while Paul Konchesky, Hodgson's former charge at Fulham, remains his prime target for a full-back slot.
Though Hodgson is believed to be examining a number of possibilities, Liverpool's need to boost their quota of English players has led him to consider offering Tottenham's Crouch a return to Anfield. The striker joined the club in 2006, but was sold to Portsmouth by former manager Rafael Benítez two years later.
Liverpool cannot offer Crouch the Champions League football he would enjoy at White Hart Lane, but Hodgson believes he could convince the England international to rejoin the Merseyside club.
No formal bid will be made until funds are generate by finalising the sale of Javier Mascherano to Inter Milan, where he will be reunited with Benítez. The Italian side have not yet made Liverpool a firm offer but that deal is expected to be completed in short order when the Italian champions sell Mario Balotelli to Manchester City.
Liverpool, meanwhile, insist they will not sell goalkeeper Pepe Reina at any price. The Spanish international, 27, signed a six-year contract in March and remains committed to the club, though he, along with a number of his team-mates are keen to see a quick end to Liverpool's financial travails.
Arsenal had hoped to play on that uncertainty to tempt Reina to London as Arsène Wenger looks to solve his goalkeeping dilemma. The Frenchman has had at least one offer for the player rejected out of hand by Liverpool. The Anfield club are adamant they will not countenance allowing one of their most prized assets to leave.
Across the city Mikel Arteta has agreed a new five-year contract that would keep him at Everton for much of the rest of his career.
"What this summer has made me realise is how important I am to the club and how important the club is to me," said the 28-year-old, who had been a target for both Manchester City and Barcelona.
"The chairman and manager both wanted me to stay 120 per cent and that makes me feel proud. We are all seeing the club and the future the same way and that is special."
Liverpool cannot offer Crouch the Champions League football he would enjoy at White Hart Lane, but Hodgson believes he could convince the England international to rejoin the Merseyside club.
No formal bid will be made until funds are generate by finalising the sale of Javier Mascherano to Inter Milan, where he will be reunited with Benítez. The Italian side have not yet made Liverpool a firm offer but that deal is expected to be completed in short order when the Italian champions sell Mario Balotelli to Manchester City.
Liverpool, meanwhile, insist they will not sell goalkeeper Pepe Reina at any price. The Spanish international, 27, signed a six-year contract in March and remains committed to the club, though he, along with a number of his team-mates are keen to see a quick end to Liverpool's financial travails.
Arsenal had hoped to play on that uncertainty to tempt Reina to London as Arsène Wenger looks to solve his goalkeeping dilemma. The Frenchman has had at least one offer for the player rejected out of hand by Liverpool. The Anfield club are adamant they will not countenance allowing one of their most prized assets to leave.
Across the city Mikel Arteta has agreed a new five-year contract that would keep him at Everton for much of the rest of his career.
"What this summer has made me realise is how important I am to the club and how important the club is to me," said the 28-year-old, who had been a target for both Manchester City and Barcelona.
"The chairman and manager both wanted me to stay 120 per cent and that makes me feel proud. We are all seeing the club and the future the same way and that is special."
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