That update comes from Correio da Manha, which suggests the most significant development right now is not Liverpool's interest itself, but rather the confidence shown by super-agent Jorge Mendes.
According to the report, Mendes has assured both Trincao and Sporting that a major proposal will arrive before the transfer window closes, with the expected bid landing close to the player's €60m release clause. Should it fall short of that figure, the gap could reportedly be closed through bonuses and performance-related add-ons.
Liverpool have repeatedly been identified in Portuguese media as Trincao's most likely destination if he leaves Sporting this summer, with some reports suggesting he remains the club's top target on the wing despite the managerial change from Arne Slot to Andoni Iraola.
Correio da Manha's emphasis on the absence of a concrete bid does not suggest Liverpool's interest has cooled. If anything, the opposite appears true, with Portuguese outlets consistently placing the Premier League club at the front of the queue for the Portugal international.
For now, the situation remains one of expectation rather than action, with all parties seemingly waiting for Mendes's promised proposal to materialise before any deal can move forward.
Trincao has established himself as one of Sporting's most important attacking players since returning to the club, contributing significant goal involvement from the wing and playing a key role in the club's recent domestic success.
His release clause, set relatively low by the standards of Europe's top wingers, has made him a realistic target for clubs operating with significant transfer budgets but without the willingness to engage in lengthy negotiations.
Should Liverpool's bid arrive as expected, the speed and size of the offer will likely determine whether Sporting can resist losing one of their most valuable assets, or whether Trincao follows the well-worn path of Portuguese talents moving to the Premier League in search of a higher level of competition.