Jamie Carragher has warned Jurgen Klopp that Liverpool's transfer budget for this season may have already been spent.
The German coach is set to be named the successor to Brendan Rodgers on Friday morning with a press conference scheduled for 11am to announce his arrival.
However, the owners, Fenway Sports Group, had every faith in Rodgers during the summer transfer window and, along with the transfer committee, the Northern Irishman was allowed to spend almost £80million on new signings.
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Carragher, a legend at Anfield but now a pundit for Sky Sports, is worried that, as a result, money will be in short supply for Klopp when the transfer window reopens in January.
He feels that the 48-year-old may have to wait until the end of the current season before he is allowed to make his first significant purchase.
Lack of funds
"I don't know if he's been promised funds, but Liverpool spent a lot of money in the summer," the former Liverpool defender told Sky Sports.
"The owners are not Roman Abramovich types. A lot of the club's money for this season may have been spent, and it may be next summer when he can get the players he really wants."
A difficult time
However, Carragher would be surprised if Liverpool's owners did not give Klopp the chance to make at least one purchase at the midway point.
"January is always a difficult time. But if he can get one or two players in that he thinks can push Liverpool on, I'm sure the club would allow him to do that.
"When a manager is talking to a club about joining, he absolutely wants to bring in his own players because things have not been going well."
The board have already shown a willingness to spend money on satisfying their manager-elect, terminating the contracts of Liverpool coaches Sean O’Driscoll and Gary McAllister to make way for Klopp's former assistant Zeljko Buvac and analyst Peter Krawietz.