Plus he knows the club and is very under rated (although he's not had the best of seasons at Napoli).
Italian media were saying it was his last Wednesday: http://www.not606.com/threads/the-return-of-the-fat-spanish-waiter.296882/
I could see either of them happening. Scousers would probably welcome him back like the second coming and he knows he would get time there. Either way he will get a job he wants for different reasons be it Man City, Liverpool or Madrid
As an aside, it does actually look like they'll make the UCL now. His last game at Napoli is at home against Lazio and if they win that they pip - yes Lazio - for 3rd place. It's a direct shoot out and I dont know if it's on BT Sport this weekend but if it is then its defo worth tuning in. Will be a metal atmosphere.
I know he's been quoted as saying that and he's been promised £120m in transfer fees but he needs back surgery and his misses is moaning that she hasnt seen him. I'd say it;s 80% he'll take a minimum 6 months off and then the Milan job.