Few will contest that this celebrity is not a cult figure in Liverpool

After several of Liverpool's senior centre backs were sidelined with injuries, the Bolton Baresi proved crucial in helping Liverpool qualify for the Champions League in the 2020–21 season, In that particular season, he made 17 of his 28 appearances for the Reds; beyond that, he saw little action with the Reds. 

Even though Nat has proven to be a world-class footballer and even after a loan stint at Bournemouth where he oversaw the club's ascent to the Premier League, Liverpool still struggle to give the player the playing time he needs after signing Ibrahima Konate. The Athletic claims that the Reds would be doing the player the world of good by releasing him at the conclusion of the current season.

More Liverpool news:

Baresi of Bolton, his current contract with the Reds expires in 2025 (Transfermarkt), and given that he is a top center-back and is only 25 years old, there will be many interested parties, a handful of mid-table clubs may pay his £10 million valuation and retain his services, only twice this season has he played in the Premier League, 

Once against Crystal Palace and once against Southampton, Nat will have a difficult time getting into the game with Joel Matip and Joe Gomez partnering Virgil van Dijk in Konate's absence, Liverpool will consider a permanent transfer for the player rather than a loan agreement, selling him might be a nice option for the player

Phillips will rely on a number of variables

And the club if it seems like a fresh start with a new side would be advantageous for both parties because he is more than capable of just being an option in cup games, In the end, the choice of what to do with Phillips will rely on a number of variables, and Liverpool's management and coaching staff will decide what is best for the club and Nat.