A two-year contract has been mooted, which includes the option of a third year.
Al Ettifaq are waiting on Jordan Henderson to give them the green light to make a formal offer to Liverpool as the midfielder weighs up his future.
The Saudi Pro League side, newly managed by Steven Gerrard, are so determined to land the England international that they have proposed more than tripling his £200,000-a-week salary.
A two-year contract has been mooted, which includes the option of a third year.
A fee is still to be agreed for the 33-year old.
Saudi clubs appear to be conducting a raid on Liverpool’s midfield, with Al Ittihad also hoping to lure Fabinho away from Anfield
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