Reports in Germany have claimed that the Reds are battling it out with Barcelona and Bayern Munich for the right to sign the 20-year-old striker.
However, the ECHO understands that Jurgen Klopp isn't considering a move for Jovic, who currently plays for Eintracht Frankfurt on loan from Benfica.
The Serbia international has scored nine goals so far this season and has attracted interest from scouts across Europe.
But Liverpool are not in the market for a young centre-forward as Klopp is excited about the potential of Dominic Solanke and Rhian Brewster.
Solanke has yet to feature for the Reds so far this season but scored twice for England U21s against Italy last week.