Pedri, a young attacker, has recently been given a new and better contract by Barcelona.
Over the 2020-21 season, the 18-year-old has been a crucial player for the Catalan giants, making 43 appearances in all competitions and contributing three goals and six assists.
The youngster's current contract at Camp Nou is set to expire next year, but the club has the option to extend it for another two years.
Liverpool have reportedly contacted Pedri's representatives to express their interest in the three-time Spain international, according to The Mirror.
According to the paper, Barca has no intention of letting the attacker leave and have instead offered him a new four-year deal.
Ronald Koeman's side is said to want to include a £350 million exit clause in the proposed new contract to secure his value in the future.
Pedri has appeared in all 29 of Barcelona's LaLiga games this season, starting 21 of them.