Liverpool are negotiating a compensation package - expected to amount to between £4m and £5m - with Swansea to secure Rodgers' services.
Liverpool sacked former manager Kenny Dalglish on 16 May after finishing eighth in the Premier League.
The Reds were 17 points away from a Champions League qualification spot, but won the League Cup and reached the FA Cup final.
In contrast, Northern Irishman Rodgers guided his Swansea side to an impressive first season in the top flight, including a 1-0 win over Liverpool on the final day of the season.
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