Liverpool has been an intriguing team to watch thus far into 2012.
The Brendan Rodgers era is fully underway. That has meant a number of things.
First, transfer fees and past standing have not hold the clout they used to in terms of getting players into the starting lineup.
Some big-money signings like Jordan Henderson and Stewart Downing are relegated to the bench. Others, such as Andy Carroll and Charlie Adam did not even make it that far.
Second, the new regime has met with an influx of youth. The likes of Raheem Sterling, Andre Wisdom, Jonjo Shelvey and Suso, among others, have seen their stars catapult into prominence under the Northern Irishman.
Finally, as promised, the team has decided to sink or swim with the new tactical philosophy. That decision has resulted in stunning football at times. At others, it has been frustrating watching the first team struggle as they go through the inevitable growing pains.
All considered, the results are ambiguous but improving. In addition, a few stars have been born.
Yet in the end, I still think this January will be a busy one for the Reds. Here's a look at each position in terms of depth and possible signings.