Stewart saw his season end prematurely when he underwent surgery on a hernia problem in April, having made just nine senior appearances in 2016/17.
This may well have been in order to preserve his value, with the 23-year-old likely to depart, as his opportunities dwindle under Jurgen Klopp.
And he could also be given the option to drop down to the Championship with Aston Villa, Derby County and Norwich City.
Liverpool are said to be looking for a £10 million fee if Stewart is to leave this summer, which could deter suitors—particularly those from the second tier.
But having signed a new four-year contract with the Reds in November, Stewart’s value is high, and Liverpool could be wise in their lofty demand.
After all, last summer Jordon Ibe (£15 million) and Brad Smith (£6 million) both secured the club significant fees when they left for Bournemouth.
Sky Sports News are certainly a questionable outlet for transfer stories, as their credibility slowly dissolves, but if true, mounting interest in Stewart could be profitable.
If the likes of Brighton, Burnley and Stoke prompt a bidding war, Liverpool could find themselves in a strong position.
At 23, Stewart still has considerable potential, and given regular first-team football, could unearth his talent under a manager more sensitive to his requirements.
Currently, he is little more than a backup on Merseyside, evidenced by his 16 minutes of action in the Premier League this season, and this is unlikely to improve.
And with long-term hopes for Brazilian youngster Allan Rodrigues, Stewart’s game time will only decrease as the seasons go by.