Brendan Rodgers' side have been linked with a move for the Netherlands international as they line up potential replacements for Luis Suarez, with the Reds currently holding talks with Barcelona over the sale of the disgraced striker.
Huntelaar, however, is remaining coy over any speculation as he prepares for his country's World Cup quarter-final against Costa Rica.
“Regarding the rumours about Liverpool it would only be fair to speak to Schalke first,” he told De Telegraaf.
“I've talked with Schalke about an extension for a while. After the World Cup I am having a holiday. Then I will speak to them again.
“With my agent, I now do not talk about the interest from clubs. I focus on the tournament.”
Huntelaar, who scored in Netherlands' 2-1 victory over Mexico in the round of 16, hit 14 goals in 21 appearances in all competitions last season.