5) Carlo Ancelotti (Unattached)
A long shot perhaps, but former Real Madrid, Chelsea and AC Milan manager Carlo Ancelotti could be a great coup for Liverpool if they could pull it off. The three-time Champions League winner is currently without a club and although he may be more likely to go for a bigger name, the Reds may feel it’s worth a try for such a proven winner, who led Chelsea to the double in his first season in England.