The 23-year-old has spent time with three different clubs in the last two and a half seasons, with stints coming at Hull, Derby and Bournemouth – with the latter his first experience in the Premier League.
He made 35 appearances for a return of seven goals for the Cherries in a season which resulted in their relegation.
And with his long-term suitability with the Reds still under question, Wilson had been tipped as one of the players to depart permanently come the summer, until the coronavirus hit.
A figure in excess of £20 million would have been desirable for Liverpool, but with clubs now feeling the financial effects of the pandemic, such a fee is now unlikely and if the valuation can not be met, another loan spell will be on the cards.
With the Magpies’ takeover having collapsed and a new financial landscape to navigate, Steve Bruce has seen his spending capacity reduced once more and Wilson is sen as a “realistic target” to secure on a temporary basis.
He was a “leading target” for Bruce last season and now the Newcastle manager is “hoping to be able to persuade Wilson to rebuff interest from elsewhere.”
The 23-year-old has been “very highly rated” by Leeds and director of football Victor Orta “for a while.”
The caveat, as ever, is the price Liverpool would place on the winger, with Hay’s comments suggesting they would look for a permanent deal instead of a loan switch, with Man City winger Jack Harrison set to take one of the two loan spots available next season.