Two-time European Cup winner Phil Thompson believes Liverpool are going in the right direction after a busy summer transfer window.
Seven new faces have come through the door at Anfield, while a number of the club's fringe players have also left as Kenny Dalglish stamps his mark on the squad as he begins his first full season in his second spell as manager at the club.
Thompson, who achieved hero status at Liverpool during his 13-year tenure, says after a fruitful summer, the club mean business.
"I like the way the transfer business has been done, going back to January as well," Thompson said.
"A lot of business has been conducted without too much press interference or people knowing too much about it. It's been done in a very Liverpool-like way and I'm extremely pleased for Kenny Dalglish and Damien Comolli for what they've achieved.
"Over the last couple of years the strength in depth hasn't been there. It's said in football you're only as good as what you've got on the bench and that's fair. You need a good squad to get you through a season and our squad has now been strengthened with different qualities of player. We now have a fantastic squad to worry most teams.
"I am very excited. You've got Stewart Downing on the left and also Jose Enrique, someone who had a difficult first season at Newcastle but who settled, got to know the game and became a very good defender who is good going forward.
"With Charlie Adam and Jordan Henderson in the midfield there's a 'Britishness' about the team and I think that's because we lost a lot of the lesser games last year. We could always match the top teams but we had to rectify it against the lesser sides."
Liverpool were one of the first sides to move in the transfer market, but the club weren't afraid to invest close to the deadline either, bringing in Sebastian Coates and Craig Bellamy, two inspired signings according to Thompson.
"I see Bellamy as being the same as when Robbie Fowler came back," he added. "He came back for nothing, the salary is easily manageable because of what's gone out. It's a no-brainer.
"It's great to have - and he'll hate me for saying this - that maverick, someone who can come on and change a game. He'll be saying 'I want to be playing' and that's what you want from someone. He will add so much to this squad that we will all be drooling."