The 21-year-old is highly rated in his homeland but has just one more year left on his current contract.
Praet is said to be interesting Reds boss Jurgen Klopp, while AC Milan and Fiorentina are also keen.
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But according to Anderlecht chief Herman Van Holsbeeck, Sevilla appear to be favourites to land the Belgian.
He told Spanish newspaper Estadio Deportivo: “Sevilla have tried to sign Dennis Praet two years ago and have tried again last year. Do we expect them to do it again? Maybe.“
Liverpool remembers
“We won’t talk or make any decisions regarding Praet until the end of the playoffs.”
Praet is the latest midfielder to be linked with a move to Anfield, along with more experienced stars Granit Xhaka and Piotr Zielinski.