It's no secret that Liverpool wanted Malouda back in the summer of 2007 but he chose to sign for Chelsea but it's believed that the club are still interested in him and would be looking to sign the player for a reported £8m.
For me, I'm not sure if the player would entertain the move if Chelsea still saw Malouda as part of our plans. The only problem is that Malouda's form has dipped since his blistering start to the season and at the moment, is a shadow of the player we saw at the end of last season and the beginning of this one.
I wrote a few months back about Malouda and the fact that he needs to sort himself out and alot of blues fans still feel the same way.
If Chelsea are to be successful this season, and there is a long way to go, then it's players like Malouda that need to step up and get their form back to give us the best chance. If he can do that, then let's see what happens in the summer. If he doesn't then I believe the club could decide to cash in.
Will we have to wait and see!