Al-Ettifaq have tabled a first offer for Liverpool captain Steven Gerrard.
The Reds midfielder is currently the Saudi Pro League club's top summer transfer target.
Al-Ettifaq coach Steven Gerrard is eager to build his new team around Henderson and a first offer has been tabled.
However, the 10m bid is about half of Liverpool's current valuation.
Henderson, meanwhile, has accepted a contract from Al-Ettifaq worth 700,000-a-week.