While reports throughout January have been that Kenny Dalglish is happy with his team and will not look to make improvements in January, Fox Sports have most recently claimed that Dalglish does in fact have several potential transfer targets in mind, and that he could be set to spend big money to acquire those targets.
Liverpool, who currently sit in seventh, are in a far worse position than they had hoped they would be, and fans are crying out for improvements to be made to a flat-out disappointing team.
Fortunately, the best part of the January transfer window is still ahead of us, with Deadline Day looming. Despite what Kenny Dalglish might or might not say, Liverpool are sure to be active on the day the market closes. Here are five players they could look to sign.
Few players have been as consistently linked with Liverpool this January as Real Madrid midfielder Esteban Granero. Liverpool's interest in him was first reported by NESN, and, while Goal.com most recently reported that Granero would not leave Real, one cannot help but feel that Liverpool might still try to steal a deadline day deal for the 24-year-old.
With Lucas out for the rest of the season, Liverpool lack depth in the heart of their midfield, and Granero would certainly mark an improvement over the likes of Charlie Adam and Jay Spearing. A prototypical central midfielder, the Spaniard is a tremendous passer of the ball, thinks the game well, and works hard from box-to-box.
He has played just five times in La Liga games for Real this season, and would come very cheap for Dalglish and his Reds.
After a strong 2010-11, Serbian winger Miloš Krasić has struggled this season, inevitably leading to speculation that he might be on the way out in Juventus. It was only a matter of time before Liverpool, who desperately need wingers, were linked, with The Daily Mirror being the first to break the news that Kenny Dalglish held an interest in him.
Krasić, a 27-year-old right-sided midfielder, is best known for his dynamic speed and impressive skills, but those attributes have been largely missing this season. That said, form is temporary, but class is permanent, and one feels that alongside the likes of Steven Gerrard and Luis Suarez, Krasić might be able to rekindle his play of last year.
His price is at an all-time low at the moment, and Liverpool might well jump at the chance to pick him up cheaply.
A player perfectly in line with the Reds' transfer policy, Scott Sinclair was first linked with Liverpool by The Daily Star, and has since been one of the most talked about players in rumours surrounding the Anfield club.
A 22-year-old winger from Bath, Sinclair brings a high skill level and an impressive goal-scoring record. He has been nothing short of phenomenal in the Premier League this season, putting all the top clubs on high alert with his relative dominance. While a crucial player for Swansea, he will be available at the right price, with that right price quite possibly being below £10 million.
The speculation linking Liverpool with Manchester City's exiled striker has picked up in recent days. First, The Guardian reported that City had rejected a player-for-player exchange for Andy Carroll. Now, upon the rejection, The Daily Mirror are reporting that the club are set to reattempt signing him, this time on loan.
Tevez, a 27-year-old Argentine, has scored 52 goals in 84 games over the past three seasons for City, establishing himself as one of the Premier League's better strikers before the infamous Bayern Munich dispute essentially kicked him out of the squad.
He is available, and if Liverpool want an elite attacking player, Tevez could well be the man.
After a quiet transfer window, Edinson Cavani has been heavily linked with Liverpool over the past few days, with Footybunker being just one of the websites naming the Napoli striker in potential transfer talks with the Merseyside club.
One of the more prolific strikers in Europe, Cavani has 51 goals in his 72 games in a Napoli shirt. A versatile attacking player, the Uruguayan (born just 21 days after Luis Suarez, both in the city of Salto) can play in all forward positions and on the wings, something that makes him an attractive option for the Reds.
He would be expensive, and, provided they want him, Liverpool would be well served to snap him up soon.
Follow Jake Ware on Twitter at @JacobWare95