Lemar has been heavily linked with a move to Anfield following Philippe Coutinho’s mega-money move to Barcelona.
Nicol was quizzed on three players he’d like to see at Anfield if Klopp is allowed to reinvest all the cash from Coutinho’s sale.
Monaco winger Lemar was one option.
However, the Scot says Leicester sensation Riyad Mahrez and AC Milan starlet Gianluigi Donnarumma would be better buys.
“To be honest, the Lemar one I’m not 100 per cent,” Nicol said on ESPN FC.
“The reason I threw Lemar in is because when Coutinho was signed, there were big question marks over whether he could actually reach the stage he’s at now, that’s why he’s there.
“Riyad Mahrez has been heavily linked with Liverpool”
“The other two I think are no brainers. Liverpool need a goalkeeper, this kid (Donnarumma) will no question, I don’t know how many years it will be, will one day be the best goalkeeper in the world.
“Try and go at get him now and then you’ve got a class goalie for 10 years and listen, proper goalkeepers will save you between 10 and 15 points a season.
“That’s what Liverpool are missing right now with (Simon) Mignolet.
“And Riyad Mahrez, his actual stats over the last three seasons are just as good as Coutinho’s.
“He’s not as good a player as Coutinho but the guy’s a proven Premier League player, who’s a little bit special at times.
“So if you can get Mahrez and you can get Donnarumma, then I think that makes Liverpool better.”