The sweepstakes have begun in MLS, and while reports have pegged the LA Galaxy as the favorites, Orlando City would be open to signing the Liverpool star.

With Steven Gerrard announcing his plans to leave Liverpool, multiple MLS teams have emerged as potential destinations for the English star.

While reports have suggested the LA Galaxy are the favorites to sign the midfielder, sources have confirmed to Goal USA that Orlando City would be open to a move for Gerrard if the price was right.

"If it's in the neighborhood of $5 million or $6 million then that would probably be difficult to make happen, but at a lower price it's something Orlando City could definitely consider," one source familiar with Orlando City's plans told Goal USA.

Orlando City already has Brazilian star Kaka signed on for the club's inaugural season, and the club recently inked 19-year-old Honduran striker Bryan Rochez as a second designated player.

Sources tell Goal USA that Orlando City is in deep discussions with a third DP target, but has yet to finalize a deal. The club was recently linked to a move for Brazilian superstar Ronaldinho, but his current team, Queretaro, issued a recent statement insisting Ronaldinho would remain in Mexico through the Liga MX spring season.