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The Saudi Pro League club are exploring a potential deal, though no formal offer has yet been submitted.
Liverpool have granted Nunez permission to engage in discussions with Al Hilal, including direct talks with Inzaghi himself. The Uruguayan is now weighing up his options as interest from the Gulf continues to grow.
While the Reds have not received a concrete bid, they are understood to be open to the possibility of a transfer under the right conditions. Nunez, who arrived at Anfield in 2022, endured a mixed campaign last season and may be tempted by a fresh start.
Al Hilal, who continue to invest heavily in their squad, see the 26-year-old as a marquee addition and are expected to make a decision soon on whether to formalise their interest with an official bid.
