Manchester City are also said to be interested, but Arsenal are favourites to complete the signing of the former Manchester United man.
Liverpool host Manchester City at Anfield in what should be this weekend's most exciting game.
And following City's heroics, Guardiola has been named the Premier League "Manager of the Month" for a record fourth successive time.
Manchester City have won 20 of their 22 games in the Premier League this season. That formation will be mirrored by Liverpool in this clash, the side's first since Philippe Coutinho completed his move to Barcelona.
Kane claimed the prize ahead of seven other nominees - Chelsea's Marcos Alonso, West Ham United's Marko Arnautovic, Liverpool duo Roberto Firmino and Mohamed Salah, Jesse Lingard of Manchester United, Leicester City's Riyad Mahrez and Manchester City's Nicolas Otamendi.
Though while City suffered a defeat in the month of December to Shaktar Donetsk, their league record has been impeccable.
The red-hot forward missed Liverpool's Premier League game against Burnley and FA Cup match against Everton due to a groin complaint. The Egyptian global may even push Belgian playmaker Kevin de Bruyne back but the responsibility to keep him quiet will fall on Delph, who has been effective this season.
Instead, I fancy the points to be shared - and with the attacking output on both sides, I think we could see a thriller.