After a poor 2014-15 season, manager Brendan Rodgers has been seriously busy in the transfer market, after deciding his Liverpool playing squad needed a major overhaul.
As well as deciding to replace a number of players who under-performed last season, Rodgers also had to deal with the departure of captain and Liverpool legend Steven Gerrard to LA Galaxy and the acrimonious transfer of 20-year-old Raheem Sterling to Manchester City.
Steven Gerrard will not be easy to replace, but Rodgers knew it was a situation he would have to deal with sooner or later, and as for the transfer of Sterling to Manchester City, again it was something that Rodgers knew he would have to deal with, even though in public he kept saying that he wanted Sterling to stay.
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As for Rodgers dealings in this summer's transfer window, it seems he has bought very well. James Milner, Danny Ings, Joe Gomez, Nathaniel Clyne, Robert Firmino and Adam Bogdan are potentially very good signings.
Also Dovick Origi returning from a loan spell at Lille, Daniel Sturridge returning from a long injury lay-off and hopefully the signing of Christian Benteke from Aston Villa, which is ongoing but should be sealed within the next 48 hours.
Another great signing for the club is Gary McAllister as first-team coach. He was a tremendous influence on the young players during his time as a player at Anfield, and there is no reason why he cannot be as successful as a coach with his wealth of experience.
Liverpool's biggest failing last season was their lack of firepower in front of goal. 52 goals in 38 matches is totally unacceptable at the highest level. Any club with ambitions to get into the champions league has to be looking at scoring a minimum of 70 goals in a season.
With the arrival of Danny Ings, the return from loan of Dovick Origi, and also hopefully, the return from injury of Daniel Sturridge Liverpool will be far better off in the striking department, especially if the transfer of Benteke is completed successfully. They may even keep Mario Balotelli as a squad player as well.
As well as the need to score more goals, the Anfield outfit also has to tighten up defensively. However, if they are putting teams under pressure and scoring goals at one end of the field, there is every likelihood their defence will not be as overworked, as was the case last season.
Add to that they now have two proper full-backs and not players playing there out of position.
If Liverpool can steer clear of any major injuries throughout the season and keep a settled side, they will have every chance of finishing in the top four. That is not what supporters of Arsenal and Manchester United want to hear before the start of the new season.
Rodgers could possibly end up with some unsettled players at the club, due to lack of first team appearances.The new signings mean Liverpool have both quality and something they have missing for some time, strength in depth.
Rodgers has bought well this summer, and after the disaster of last season when they only managed sixth place, he will be expecting much better things this time around.
So will the Anfield faithful. They will back their team to the ends of the earth, providing they are committed to the cause. This new-look Liverpool side is more than good enough to finish fourth or higher. No excuses will be accepted by anyone connected to Anfield this season.