The talented Ukrainian winger, 24, came close to joining the Anfield side on deadline day, but saw a £15million move fall through due to financial issues.
The fallout from the transfer saw finger pointing on both sides, and Dnipro would consider snubbing another approach from Ian Ayre, allowing Daniel Levy the chance to snap up their best player.
Konoplyanka played a starring role in Dnipro’s 1-0 Europa League victory over Spurs, netting the winning goal from the penalty spot, and Levy believes he could be the man to finally vanquish the ghost of Gareth Bale from White Hart Lane.
Former boss Andre Villas-Boas oversaw a huge squad overhaul last summer, but players such as Nacer Chadli and Erik Lamela have failed to make an impact out wide.
Tim Sherwood has resorted to playing central playmaker Christian Eriksen on the left side, and knows that a top winger needs to arrive at the end of the season if he wants his team to become title challengers.
However Liverpool still feel that they have a good chance of landing their man, and Brendan Rodgers confirmed that Konoplyanka is still on their wish-list.
If we can get into the Champions League, it attracts a different type of player
“We’ve got lots of people we are looking at. We’ll assess where we are at the end of the season,” he said.
“If we can get into that elite competition [the Champions League], it attracts a different type of player as well, so I think it’s very important, and I hope it will be this year.”
Liverpool currently occupy the final Champions League spot, three points ahead of Spurs.
Both sides are confident of making the competition next season, and the lure of playing against Europe’s top sides might make the difference when Konoplyanka decides where his future lies.