The Rangers ace has become one of the hottest properties in Europe after almost single-handedly guiding the west Londoners to promotion with 19 goals and a string of dazzling displays.
Taarabt was linked with a move to United before he joined QPR from Tottenham last summer, but it seemed Liverpool had moved to the front of the queue for the Moroccan schemer.
Damien Comolli, now at Anfield, was the man responsible for bringing Taarabt to England in 2007, and with the Reds desperately seeking a creative spark for next season, Liverpool's director of football was rumoured to be gearing up to pounce once again.
But Real’s reported interest could change everything, with the forward allegedly telling his team-mates that he's on Jose Mourinho's radar.