Liverpool legend Mark Lawrenson has warned his former club against making a move for either Edinson Cavani or Radamel Falcao this summer, insisting that either player would represent a "huge risk" given the amount of money involved.
The Reds recouped £75 million from the sale of Luis Suarez to Barcelona and have been busy splashing the cash, snapping up no less than seven players with three weeks of the window still to go.
That figure should be bumped up to eight shortly with a move for Alberto Moreno imminent - but they may well save their biggest deal for last with a replacement for Suarez said to be one of their priorities.
It was claimed last week that Liverpool had launched a shock move to sign Falcao from Monaco, offering him a loan switch to Anfield with the option to make the move permanent. Edinson Cavani has also been linked with a move, but Lawrenson believes they would be better off avoiding the big-money pair.
"I see Edinson Cavani and Radamel Falcao have been linked with moves to Liverpool this week - but be warned there is a degree of caution that must be taken with these type of transfers," he said.
"The Reds have to be very careful. The reports are of an initial loan deal but even then we're talking at least £10million in a loan fee before we even discuss his wages. If there was an option to buy at the end of his spell and the initial loan fee paid was knocked off the final price tag then that's something I could understand.
"But to just take him on loan for a year as a short-term solution to Luis Suarez's departure is a huge risk."
Liverpool transfer gossip
Brendan Rodgers is eyeing a surprise swoop for former Chelsea forward Samuel Eto'o (Daily Mail)
Sevilla's club president has confirmed that negotiations had been held with Liverpool over Alberto Moreno, but denied that a deal is close to being done (Liverpool Echo)
Kolo Toure is close to leaving Liverpool and joining up with Turkish outfit Trabzonspor (Daily Mail)
Liverpool and Manchester United target Marcos Rojo has refused to train with Sporting Lisbon in an attempt to force a move (The Express)
Former Manchester United defender has hit out Liverpool, and claims they cannot win the title this season (ESPN)
Pop star Rihanna is about to launch a bid to take over Liverpool (Metro)