The Reds have been heavily linked with the German U21 international who can play either left-back or left midfield with Bild reporting a €12m transfer for the 20-year-old was close to being completed.
"We've heard about the rumours" our Munich office told us.
"He is a big talent and still only 20 years old. He has enjoyed a breakthrough season with Leverkusen. He is quick and technically very good.
"He came from Bayern Munich to Leverkusen last summer for €5 million but Bayern may re-sign him for a fixed price.
"Karl-Heinz Rummenigge (Bayern CEO) has already said he wants him back in a few years and said the only reason they sanctioned the move to Leverkusen was so he could get some match practice.
"For that reason we don't believe he'll go to Liverpool. Leverkusen need the consent of Bayern and Bayern doesn’t want to give it."
Can has won six caps for Germany's U21 team but is also eligible for the Turkish national team.
He played four times for Bayern in the Bundesliga before moving to Leverkusen where he has been a regular this season.
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