China Everbright, a state-owned conglomerate, is targeting Liverpool and value the club in excess of £800m.
FSG have been forthcoming about considering a commercial/strategic partnership if it helped the club move forward.
However, they are not looking to sell the Anfield club and they have not solicited the interest. There has been no bid as yet and the process is in the early stages.
Talks with China Everbright will be handled in the first instance by Allen and Co, a boutique investment bank, whom FSG have a long-term relationship with and use to advise them on a range of business and financial issues.
Allen and Co would then have to recommend a meeting with FSG, who are headed by principal owner John W Henry.