If Benitez does indeed take on the challenge of restoring Liverpool to their former glory, Sky Sports' La Liga expert Balague feels he would soon create a formidable side comparable with the great A.C Milan teams of the late 80's and early 90's.
Balague said: "He would definitely be a success. He is the most exportable of Spanish coaches and will be well suited to English football.
"Liverpool would become like the great AC Milan team. Defending as a unit but always attacking as one as well. He will change Liverpool and he will make them a force again.
"He appreciates English football and knows all about Liverpool. As a Liverpool fan myself I am very happy about this."