Liverpool are seemingly devoid of attacking ideas but Kenny Dalglish has suggested the Merseyside club would be having a quiet month in the market despite fans thinking that purchases are required.
Whether the stories are true or whether they are fabricated by the media is anyone's guess, but one thing for sure is that Liverpool needs someone to start putting the ball into the back of the net if they are going to have any chance of making the highly lucrative Champions League next season.
Here we'll take a look at some players that have been linked with a move to the club, and a few others who's future may lie elsewhere.
As always please take the time to leave your comments below as to what your thoughts are on these trending pieces of transfer gossip.
Serbian winger Milos Krasic has been linked with a move to Liverpool for £12 million.
A loan deal is also mentioned in the article which might suit Liverpool's budget a little better, particularly since Krasic is an unknown quantity in the Premier League.
Dalglish probably can't afford any more transfer slip-ups.
It seems uncertain whether a fee has been agreed or not, but stories are circulating that Liverpool are close to signing youngster Joao Carlos Teixeira from Sporting Lisbon.
Kenny Dalglish has confirmed an interest in the player, but stopped short of saying the club had made a bid.
Esteban Granero is rumoured to be the subject of an £8 million bid from Liverpool.
The Real Madrid midfielder isn't seeing much playing time under coach Jose Mourinho, and Kenny Dalglish might want the adaptable player to give him more attacking options in midfield.
Charlie Adam, Stewart Downing and Jordan Henderson have yet to really impress the Kop on a regular basis after signing in the Summer, and Dalglish would be loathe to spend too much money on another unproven Premiership player.
Rangers signed the Croatian in August 2010 for £4 million but are likely to want more than that to let their striker leave.
Eyefootball.com suggests that Liverpool have declared an interest and Jelavic's father and agent has suggested his son is more likely to sign for Liverpool.
Following on from their reported interest in Lisbon's Joao Teixeira, the Reds have also been linked with a move for Sporting's Ricky van Wolfswinkel.
Van Wolfswinkel has scored 7 goals in 11 appearances for Sporting Lisbon so far this season.
Swansea youngster Scott Sinclair has been playing well in the Premier League this season and his performances have allegedly caught the eye of Liverpool scouts.
Sinclair is believed to be available for approximately £5 million and would give Liverpool some more pace on their wings.
Stephane Sessegnon has come alive since Martin O'Neill took over at Sunderland and he is becoming a lot more consistent in his performances.
The Daily Mail claim Liverpool are chasing the player and are prepared to offer £8 million for his services
Sessegnon scored one and made one in the weekends win over Swansea..
Liverpool's misfiring ponytailed hitman Andy Carroll has been the subject of much speculation of late after stories emerged stating that Newcastle United were preparing to offer Liverpool a cut price deal in order to take the 6ft 5 Geordie back to the North East club.
Kenny Dalglish has slammed the talk as having absolutely no foundation which suggests that Carroll will be a Liverpool player for a while longer yet.
With Euro 2012 looming in the Summer, Defoe will want to play regularly to increase his chances of making the England squad.
As always with Liverpool there are some great talents linked with the Anfield club.
I have to admit that the players on this list don't all fit that bill as the likes of Sinclair didn't make the grade at Chelsea, so should Liverpool even be looking at him?
Speculation around Andy Carroll will continue to gather pace until he starts scoring or Liverpool fans accept him as part of their squad. Replacing him with Jelavic from Rangers might not solve the problems in attack despite the fact Liverpool do need another striker to ease the burden when Suarez returns.
The loss against Bolton this weekend must be seen as an opportunity missed as Arsenal and Spurs lost whilst Chelsea only managed a draw.
The Champions League place is certainly starting to look a bridge too far for Kenny Dalglish's Liverpool revolution, and something needs to be changed.
As always, thanks for reading this article and take a look here to see my African Cup of Nations best 11.
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