After 30 years of hurt, Liverpool are champions of England once again.
The Reds secured their maiden Premier League title in style, finishing 18 points ahead of Manchester City.
Right now, Jurgen Klopp's side are probably the finest team on the planet, a perfect blend of defensive solidity and precise, clinical attacking play.
With pretty much every spot in Liverpool's starting XI nailed down by a world-class name, signing high-quality players to bolster the squad ahead of the 2020/21 season won't be a stroll in the park.
They may be champions and have the pulling power of Klopp, but will these potential signings want to spend half the season warming the bench at Anfield? Probably not.
So the question has to be asked: How would Liverpool cope without new arrivals?
Well, the folks over at Liverpool Echo have simulated the Reds's 2020/21 season without any new signings and it turned out pretty well for Klopp's side.
Individual stats
Best XI: Alisson, Trent Alexander-Arnold, Virgil van Dijk, Joe Gomez, Andy Robertson, Fabinho, Gini Wijnaldum, Naby Keita, Mohamed Salah, Roberto Firmino, Sadio Mane.
Salah (7.78) finished the season with the highest average match rating, with Mane (7.66) and Van Dijk (7.61) in second and third.
Interestingly, Firmino was the club's top scorer with 23 goals, ahead of Salah (20), Mane (19) and - the most eye-catching of all - academy product Curtis Jones (10).
Rhian Brewster also returned to the club from his loan spell at Swansea and chipped in with six goals, while prodigious talent Harvey Elliot added five of his own.
Premier League
Unfortunately for the Reds they were unable to retain their Premier League title in 2020/21.
Pep Guardiola's Manchester City secured the crown by a single point, despite losing one more game than Liverpool.
A solace for the Reds was their brilliant defensive record, conceding just 31 goals in 38 games.
They also mustered 83 goals of their own, just three less than top scorers City. Liverpool fared far better in European competition, though...
Champions League
European Cup number seven for the Reds! Well, in the virtual world anyway.
An epic Champions League campaign saw Liverpool beat Juventus, Atletico Madrid and Benfica on route to the final where they beat Barcelona 2-0.
Firmino and Keita grabbed the goals in the finale of the competition to secure European football's biggest prize for the second time in three seasons.
Not bad, eh?
FA Cup and Carabao Cup
The FA Cup was once again a bit of a write-off for Liverpool, but they did at least reach the semi-final of the Carabao Cup, where they were beaten by the kings of England's domestic cups - Manchester City.
So there you have it, overall a pretty stellar campaign from a Liverpool team without big-money additions.
If you offered Klopp, the players and Liverpool fans the chance of European glory and a silver medal in the Premier League, they'd probably bite your hand off.
Of course, the Reds will be eager to retain English football's top prize, but with City set to splash the cash this summer the Reds may struggle to outdo their rivals for the second consecutive year.
But it's important to remember that Liverpool could also get their chequebook out in the transfer window, especially after the departures of Adam Lallana and Dejan Lovren.