Hobbs, who has broke into the Liverpool first team this year, is close to agreeing a loan move to Glanford Park.
He started out at Lincoln City before completing his dream move to Anfield at just 17.
The move comes about as West Brom have recalled Shelton Martis after his one month loan spell came to an end.
Martis will however, be available to play at Burnley on Saturday in what will be his last game for United.