Since the takeover of Fenway Sports Group, and the reappointment of club legend Kenny Dalglish as manager, Liverpool have been one of the most active clubs in the transfer market, having made no less than six signings already this summer.
Jordan Henderson, Charlie Adam, Alexander Doni, Stewart Downing, Jose Enrique, and Sebastian Coates have all arrived at Anfield, adding to the high-profile acquisition of Luis Suarez and Andy Carroll in January.
But the spending may not have stopped there, as the Reds continue their mission to bring the good times back to Merseyside, and look to further strengthen their squad in a bid to step up their trophy pursuit.
As the transfer deadline fast approaches, there are plenty of names still being bandied about. With a new striker earmarked as the most likely target for Dalglish and Co, Givemefootball takes a look at Liverpool's prospective targets...
Deemed surplus to requirements by Manchester City, Liverpool were credited with an interest, but said to be unprepared to pay a fee for the former Reds striker. With QPR understood to now be in talks with the Welsh international, a deal looks far less likely.
Juan Manuel Vargas
Reports in Italy suggest Liverpool have contacted Fiorentina over the availability of the Peruvian international winger.
Having recruited no less than three midfielders already this summer, Dalglish is not interested in negotiating an Anfield return for the talented Israel international.
With Chelsea's reported interest in Raul Meireles, the only way Liverpool would consider selling to their Barclays Premier League rivals is if the Blues are prepared to part-exchange the England U21 international striker.
With Joe Cole heavily linked with a move to Ligue 1 Lille - reports emanating from France today rule out the transfer of the talented Belgian winger in the opposite direction, though the Reds may have first option when his contract expires in 2012.