Last season Liverpool failed to pip Manchester United to fourth, missing out by eight points and finishing sixth behind Tottenham.
Liverpool have been one of the busier Premier League clubs in the transfer window and have brought in James Milner, Roberto Firmino, Danny Ings, Christian Benteke and Nathaniel Clyne.
Although they have lost Glen Johnson, Raheem Sterling and Steven Gerrard from the squad too.
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When you compare their transfer dealings I think it's easy to say Liverpool have strengthened quite well and even improved their starting XI from last season.
On top of this they grabbed a great deal selling Sterling for £49 million to Manchester City and despite the emotion attached to Gerrard's departure, it's for the best as the team won a higher percentage of games when he wasn't playing.
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This should give Liverpool fans hope heading into the new season.
As previously stated, Liverpool missed out on fourth finishing eight points behind Manchester United and they easily could have finished above them.
In the final run in, Liverpool drew with West Bromwich and lost to Hull, Crystal Palace and rather embarrassingly, 6-1 to Stoke. These are winnable games for Liverpool and in total they dropped 11 points in these fixtures.
The main stumbling block for Liverpool's Champions League hopes going into the new season isn't their own team but other teams and how strong they are. When you look at the other members of the top four, which one of them looks vulnerable?
Last season it would have been Manchester United but Liverpool failed to beat them to fourth and now they are strengthening on a massive scale.
Manchester United will be a much tougher team this year after bringing in quality like Schneiderlin, Depay and the experienced Schweinsteiger, meanwhile they are still pushing for Sergio Ramos and a striker.
On top of this Manchester City and Arsenal have also improved their teams with Sterling and Petr Cech. The Gunners are pushing for a defensive midfielder and striker, the only two positions they're are weak in.
Chelsea haven't made any movement in the transfer window that has rocked the footballing world so far but they are still the champions and probably have the best team in England.
For Liverpool to finish in the top four this season will be a tough ask and they will need their new signings to immediately settle and put together a run like in the 2013/14 season, where they looked unbeatable and should have won the league.
Liverpool are an elite club and should be in Champions League and fighting for titles on all fronts. Whether this is the season or not for them to return to Europe's biggest competition, it's certainly a tough task.