We are less than a month away until the transfer window closes and just over a week away from Liverpool's first game of the Premier League season, where they meet Southampton at Anfield.
Manager Brendan Rodgers has already spent almost £90 million this summer as they prepare for life in the post-Luis Suarez era of Anfield. Suarez's 31 league goals last season were vital, as he wowed footballing fans across the globe to aid Liverpool's second place finish.
No need to panic?
Liverpool fans haven't panicked all too much since Suarez left Merseyside. Daniel Sturridge netted 21 league goals last season, the Premier League's second highest goalscorer behind his former strike partner.
Raheem Sterling came very much into his own last campaign and has continued to improve in pre-season. He netted nine goals last campaign and he again given how rapid his form has continued to grow, should finish this season with a higher tally.
Steven Gerrard also proved deadly, finishing with 13 goals to his name despite playing a deeper role and Rodgers has also called on both Jordan Henderson and Phillipe Coutinho to find the net more this season.
Add that to new signings like Rickie Lambert, who had a prolific scoring rate at Southampton and Lazar Markovic who bagged five for Benfica last season.
Along with all of those goals, Liverpool gained a cool £75 million for the sale of Suarez. Therefore, Liverpool have spent just £12 million from their own pocket and still have plenty of cash in the bank.
Time for Liverpool to spend
It is about time that Liverpool spend that money. Time is running out for Rodgers to spend the cash and all of the elite strikers in Europe are becoming unavailable. James Rodriguez has moved to Real Madrid and Karem Benzema has extended his contract for a further five years.
It seems like Edinson Cavani is set to stay at PSG after talks broke down with Liverpool and it seems Marco Reus will not be allowed to leave Borussia Dortmund, despite having a £20M release clause that is activated last season.
In recent days Ramadel Falcao has been linked to make a loan move to Anfield, however he has his heart on joining international team-mate Rodriguez at the Bernabeu.
This leaves Liverpool with limited options up top to bring in. Suarez was a touch of class at Anfield, a special special player. Now, Liverpool have gifted played, but not on the level of the Uruguayan. Albeit, there may only be two men who are as gifted as Suarez in Cristiano Ronaldo and Lionel Messi, but there are people in his class.
Time running out
As time runs out, I can only see Liverpool's options becoming even more limited. Out of favour Bayern Munich striker Xherdan Shaqiri seems willing to move to Merseyside, but his Bavarian club have rejected a bid in the region of £15 million and now AS Monaco, the club with endless money in a tax free state, are poised to pounce for the Swiss International.
If Liverpool do not move quickly, we could see another repeat of Andy Carroll's £35 million move on the final day of the transfer deadline. Albeit, Fernando Torres' move was last minute too, however Carroll's transfer highlights what panic buying can do. Liverpool ran out of time to replace Torres and were forced to pay over the odds to get the Newcastle targetman.
Rodgers is not in that position yet, however weeks pass quickly in football, especially when you also have the league in full swing and you're preparing for next week's opposition.
If Liverpool miss out on all the forwards I've mentioned, it seems like Wilfred Bony from Swansea City could be their target. As Tottenham also fearlessly chase the Ivory Coast man, Liverpool could pay more than the reported £19 million release fee Bony has if they are to outbid Spurs.
Yes, Bony scores goals, but he is not a Liverpool player in my opinions. He is a strong centre-forward however Liverpool have a similar player in Rickie Lambert.
Liverpool need to dip their hand into the bank and spend big. Big enough to tempt a top European forward to Anfield. Surely if Marco Reus can leave for £20 million next season, Dortmund may cut their losses if a bid of £40 million came in.