Fenway Sports Group are set to splash the cash this summer with Jürgen Klopp being given the club's largest ever budget. It is, however, dependant on Liverpool securing Champions League football next season.
This, according to Liverpool Echo journalist James Pearce, who took to Reddit to answer questions on Thursday: “I'm not aware of any exact amount being put on Klopp's kitty but the way that he's been talking about competing at the top end of the market means he's clearly aiming high.
“There's certainly a realisation from FSG that the squad needs strengthening with established talent. I'd expect it to be the biggest spending spree in the club's history. How much? My guess would be around £120million/£130million but that figure would include sales.
“I just think so much depends on Liverpool qualifying for the Champions League. I'd say (Virgil) van Dijk and (Naby) Keïta are Klopp's top two targets so getting them both would go a long way towards making this summer window a big success, but getting those deals done won't be easy.
“I also believe that buying a top class striker must be a priority. What I want to see this summer is a real show of ambition and Liverpool ensuring they have a squad capable of competing both home and abroad in 2017/18.”
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There's every chance, if all goes to plan, that the Reds will have around the £200million mark this summer with the club, again, expected to rid themselves of players not in Klopp's long-term plans.
Daniel Sturridge, Mamadou Sakho, Alberto Moreno, Lazar Markovic and Kevin Stewart are all set to be shown the exit door. Liverpool value Stewart is a £10million summer target for Brighton. If valuations are met then the Reds have recouped £65million with two players still to sell.
Here are six players Liverpool could sign this summer with a £200million budget.
Virgil van Dijk
Potential fee: £45million
— Football Whispers (@FB_WHISPERS) March 23, 2017
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Liverpool have been linked with a move for the Southampton centre-back for some time. In March, Football Whispers exclusively revealed the Reds had held talks with van Dijk and his representatives and it's seen been reported that the deal hinges on a top-four finish.
The defence should be the first port of call for Klopp this summer with the team on course to concede 45 goals this season, almost 20 goals more than second-placed Spurs. There's a bullseye on the backline shoring that up is a necessity.
The Southampton man is by no means a quick fix but he would go a long way to making the Reds a little more resilient.
Potential fee: £20million
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Oxlade-Chamberlain has looked like a player reborn in the right wing-back role for Arsenal over recent weeks.
However, recent reports suggest he's interested in a move to Anfield with the promise of a centre-midfield role the attraction.
Klopp has reinvented Adam Lallana and Gini Wijnaldum this season. Both started as attacking midfielders before the former Borussia Dortmund manager adapted their roles.
They've flourished and it could be a similar story with Oxlade-Chamberlain. The former Southampton man has traits which could make him an influential box-to-box midfielder.
Potential fee: £15million
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Possibly one of the most sought after teenagers in world football, Ryan Sessegnon has attracted interest from Liverpool, Manchester United and Chelsea throughout the season.
The 16-year-old has been a revelation down the left for Fulham this season and the Cottagers have surprised many by getting into the Championship play-offs. He's one for the future and Liverpool need a left-back for the now. But can you really pass up the opportunity to sign a prodigious talent?
More importantly, are there many better at developing talent than Klopp? Mario Götze, Robert Lewandowski, Ilkay Gündoğan, Mats Hummels and many others honed their craft under the German manager and have gone on to have enviable careers.
Potential fee: £30million
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For the most part, Liverpool's defence has taken the attention away from the issues in the midfield. The Reds lack dynamism, creativity and control in the middle third.
Klopp's midfield men can often be found lacking. They're sterile and safe when in possession. It's one of the reasons teams are able to come to Anfield and just sit deep. They don't even have to soak up the pressure because there's none put on them.
They need an innovator and Keïta would be a game changer for those in red. He's both incisive and proactive – two things Liverpool sorely lack. He's possibly the most complete all-round midfielder in modern day football.
Potential fee: £25million
READ MORE: HOW SALAH COULD TRANSFORM THE LIVERPOOL ATTACK
Liverpool are by no means a one-man team but without Sadio Mané they severely lack pace in their squad. The Senegalese speedster gives them a different dimension. He's able to burst away from the opposition and it's this which creates opportunities for both himself and his teammates.
In his absence it's all a little predictable. Roberto Firmino, Philippe Coutinho and Lallana are unlikely to get away from many with their speed. So, this summer Klopp needs to buy pace – and a lot of it.
Mohamed Salah has been linked recently and he ticks all the boxes. Blessed with electric pace, he'd add balance to a sometimes one-sided line-up with his trusty left foot. And he's a goal threat.
He could play in place of Mané but also alongside him to give Liverpool one of the quickest attacks in Europe.
Potential fee: £45million
Mauro Icardi could be on the move this summer. The Argentine hitman has been linked with a move to Chelsea over recent weeks and he may feel the time to move on is now with Inter Milan in perpetual disarray.
He's coming into his prime and deserves to showcase his ability in Europe's elite competition.
Liverpool, for all their aesthetically pleasing play, lack a killer in the penalty area. There are question marks over Firmino's finishing and whether or not he is clinical enough. In a game of fine margins you need someone reliable when that one potentially match-winning moment presents itself. Icardi could be that player.
He's scored 24 goals this season and assisted a further eight. Liverpool's leading scorer is Mane on 13 so there is quite a dramatic drop off.