Malaga want to take Lucas off Liverpool's hands and intend to snap up the midfielder in the New Year, according to talkSPORT.
Lucas, 23, has dropped out of the Reds' starting side after the arrivals of Christian Poulsen and Raul Meireles. The Brazil international is eager to find regular first team football and could be interested in a switch to the Primera Division.
Liverpool could also be persuaded to sell Lucas to raise funds for new players. Malaga owner Abdullah bin Nasser Al Thani splashed the cash during the summer and is understood to be prepared to sanction a January bid.
Despite recently being replaced in the Liverpool team, Lucas has risen 50 places in the latest edition of the Castrol Rankings. The midfielder is currently rated as the 246th best player plying his trade in one of the top five leagues in Europe.