Brendan Rodgers has two more weeks to add to his squad during the current Premier League transfer window, and Liverpool might still be hoping to bring in another new face before the deadline.
The manager has consistently spoken about his hope of adding a couple of faces to the group during January, while he also hoped to get the club's business done nice and early in the month.
Liverpool have already been fairly active, more so than most Premier League sides, but there could still be one or two more ins and outs around Anfield according to the latest gossip columns.
Here's all the latest news on the club's transfer activity.
—Updated Jan 17, 5:00 a.m. ET—
Latest Rumours Following the Reds
Thursday sees a few more names circulating the media gossip columns, but most appear to indicate that transfer business is unlikely in the next few days for Liverpool.
The rumoured move for Wesley Sneijder, currently of Inter Milan, appears to be almost over with Inter's manager Andrea Stramaccioni claiming his transfer to Galatasaray is almost complete.
TalkSport report that the move will affect Inter's incoming dealings as they try to offload the expensive attacker.
Another Serie A-based attacking midfielder is Josip Ilicic of Palermo, who has seen his name mentioned with Liverpool recently.
Sky Sports inform us that Ilicic will be remaining with Palermo, who are facing a relegation battle this season, until the end of the campaign. He will then decide on his career future—but his preference is to stay in Spain.
Liverpool's most anticipated move in the January market has been for Blackpool winger Tom Ince, formerly of the Reds' academy, but that deal also appears to be off for now.
Mirror Football have claimed that the Championship club have stopped taking any calls from Liverpool regarding the young attacker and that they are prepared to wait out until the summer to discuss any move.
Daniel Sturridge quickly became the Reds' first signing in January and has set about showing why Brendan Rodgers was right to pay £12 million for him.
Two goals in two games has been a decent early return, with his goals coming at opposite ends of the English football league scale—Mansfield Town and Manchester United.
Joe Cole became the first departure shortly afterwards when he left on a free transfer for West Ham United and Nuri Sahin ended his loan spell prematurely just recently, moving on a second loan spell to his old club Borussia Dortmund.
Liverpool have also loaned out two youngsters, striker Adam Morgan and goalkeeper Jamie Stephens.
New Defender on Trial
The most immediate and promising deal for the Reds to be involved in centres around a trial move for Norwegian central defender Vegard Forren.
The Liverpool Echo reports that the Reds are taking him for a few days with a view to a full-time, permanent move—though no such deal has been signed as yet.
Rumours Circle on Sneijder, Sow and Diakite
Three more potential moves now, though perhaps with varying degrees of "unlikely" tagged to them.
Inter Milan playmaker Wesley Sneijder would no doubt make a fine addition to most clubs in world football, and with Turkish suitors Galatasaray still waiting for his decision on a transfer to them, the Independent has reported that the Dutch midfielder is holding out for a move to the Premier League.
Liverpool are one of the clubs who are rumoured to be interested, though Sneijder's wages—reported to be around €200,000 per week—would be the most obviously point of contention to any possible move.
Despite signing Daniel Sturridge and also seeing Fabio Borini return from injury, the Reds have also been linked with a £10 million bid for striker Moussa Sow.
Finally, the rumoured move for Lazio defender Modibo Diakite continues to gather traction, with insidefutbol.com reporting that the Reds were one of the frontrunners to bring him to the Premier League, likely on a Bosman free transfer when his contract expires in summer.
Reds to Replace Reina...
...with Victor Valdes??
Quite how Valdes might see the opportunity to leap from the top of La Liga and arguably the best side in the world at present to a rebuilding Liverpool side was not discussed in detail.
The Reds have been linked with a number of goalkeepers over the past few months but Rodgers has backed his current No. 1 and Reina has put in some improved performances lately—as has No. 2 Brad Jones.