Had Cisse been sold, Benitez was ready to use the funds for a swoop for Charlton's Darren Bent.
However, the Spanish boss recognises Bellamy would represent top value for £6m, although there are still significant discussions ongoing at Anfield to determine the pros and cons of a Bellamy bid.
The fiery Welshman certainly possesses all the attributes Liverpool are seeking, but the meticulous Benitez wants to be sure the player's off-field reputation has been exaggerated.
The clock is ticking though, and now Benitez is considering whether to test the validity of the £6m get-out clause claims which have been widely reported by making a formal bid.
Liverpool will be helped by the fact Bellamy is desperate to join the Reds and has even indicated to friends he'd take a pay-cut to move to Merseyside.
If Liverpool make a move, it's understood Bellamy would demand his sale.