The Spaniard won the Champions League and FA Cup with the Reds, whom he left in 2010 and has since managed Inter Milan, Chelsea, Napoli, Real Madrid, Newcastle and, most recently, Dalian Professional.
He has, somewhat controversially, moved into pole position ahead of former Wolves boss Nuno Espirito Santo to fill the role, following Carlo Ancelotti's return to Real Madrid earlier this month.
Everton legend Neville Southall claims Rafa Benitez (above) should not become their new boss
Southall claims Benitez is a good manager but has too many connections to Liverpool
However, the potential appointment is already generating considerable opposition from the fanbase and former goalkeeper Southall, the club's all-time leading appearance maker with 751 in a 17-year Toffees career, is among them.