The Daily Star says investment group SinoFortone, who are supported by the Chinese state government, are keen to snap up Liverpool for £700m.
They have already explored the potential of building a new stadium in the dockland area of the city.
And following Britain's decision to vote out the EU, Chadwick believes a takeover could now be on the cards.
He explained: “One of the short to medium-term impacts of the Brexit vote could be that a lot of Chinese investment in football follows.
“It's as simple as this - English football clubs have suddenly got a lot, lot cheaper following the drop in the pound.
“They have become far easier to buy by people abroad and that could have a big effect on the Premier League.
“It's not just Liverpool, it could affect a lot of clubs in England.
“But the stories I hear are that there is Chinese interest in Liverpool. That is true.
“If a Chinese company buys a Premier League club, there's no EU regulations around that.
“It's down to the British government, the British club and the investors to negotiate their own deals now.
“Look at Aston Villa. They've just been taken over by Chinese investors and more could follow."
Source: AS
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