That is the opinion of ex-Reds defender Mark Lawrenson, who believes he could be signed in the next transfer window.
It comes as the club ponder a solution to their backline problem in light of Virgil van Dijk's serious injury.
A collision with Jordan Pickford in the Merseyside derby has ruled the Dutchman out for the season.
And with a grueling schedule ahead for the rest of the year, Jurgen Klopp is in need of a class replacement.
The January transfer window opens in less than three months and several players have been touted for a move.
But Lawrenson reckons Coady, who came up through the Liverpool academy, would be perfect.
Brighton star Ben White has been heavily linked and was wanted in the summer, prior to Van Dijk's injury.
But the Seagulls have always maintained he is not for sale and Lawrenson believes Klopp needs someone now rather than a player with potential.
He said: “I would think Virgil will be out for the season.
“I think it’s a write-off because you’ve got to get match fit and that’s almost impossible nowadays because they don’t play reserve team football.
“If Liverpool are going to pay big money for somebody in January, they want absolutely ready-made.
“Conor Coady has had loads of shouts and he is a very good organiser who has played lots of games in the Premier League.
“Maybe it might be a bit early for Ben [White]. Would you spend that money thinking he might be ready in 18 months? I’m not sure.
“It wouldn’t surprise me if, 18 months or two years down the line, he goes somewhere big, in inverted commas.
“Whether it is Liverpool remains to be seen.
“But one thing with Klopp is he doesn’t give a damn how old you are.”