But the asymmetric option would leave the southern tower looking down on its famous neighbour.
In the last two weeks, the planners have received a presentation on a third option from the Alsop team.
It involves moving some of the apartments into the Cloud itself - meaning interior design work would have to be rapidly re-done, again possibly delaying the project.
Last night Steve Parry, chief executive of the Fourth Grace Consortium, said: "We have been working closely over the last few months with the city council planners, English Heritage and CABE, to refine the design and ensure a development that will be truly worthy of this world-famous setting.
"One of the issues has been the positioning of the residential
towers and the need to preserve very important views of the Three Graces from the Strand and the Albert Dock."
The dispute over the height of the towers has angered some city commentators.
Tony Siebenthaler, founder of the Downtown Liverpool thinktank, said: "Why is the Liver Building so sacrosanct? It's an absolute nonsense. If planners 100 years ago acted like today's, we would never have had the Liver Building.
"They should welcome tall buildings and spend their time making sure they are beautiful.
"Is our waterfront skyline going to be stuck at 295ft for ever? That is fundamentally flawed and could have serious repercussions for dozens of developments including the Kings Dock.
"We should be proud to have these buildings. They are beautiful and a symbol of the economic activity in the city."
It is thought planners are being particularly sensitive because of the city's bid for World Heritage Status for the waterfront, where a decision is due next month.
Nevertheless, the Fourth Grace Consortium hopes to reach agreement with them in the next two weeks.
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