Liverpool have made an enterprising start to the summer transfer window, managing to bring three players to the club on confirmed deals so far and offloading one big-name player.
Andy Carroll was sold on a permanent deal to West Ham United, while the overall squad has also been depleted by the free transfer departures of Danny Wilson and Peter Gulacsi, and the retirement of Jamie Carragher.
Iago Aspas and Luis Alberto have been recent additions to the attacking side of the team, while Kolo Toure arrived on a free transfer in defence.
The transfer news isn't stopping there for Liverpool, though, and rumours continue to surround the club with more incoming and outgoing deals. Here is all the latest concerning the club in the transfer market.
Brief Mkhitaryan update:
InsideFutbol.com are reporting that Liverpool have had a bid accepted for prime target Henrikh Mkhitaryan.
The Armenian is said to cost the Reds €30 million and could be a signed deal within three days.
Liverpool are being linked with a move for Brazilian defensive midfielder Matheus Biteco.
Liverpool Echo claim that the Reds want him as part of their development squad, not for the immediate first team, and that he will cost around £5 million.
He has played for the Brazil under-20 side though not for Gremio, his club, in the Copa Libertadores or their domestic league this year.
TalkSPORT are reporting that Liverpool are one of the Premier League clubs in the frame to sign Barcelona's young forward Gerard Deulofeu on a season-long loan.
Neymar's arrival will limit the likely game time that the Spain under-20 starlet, currently playing at the World Cup in Turkey for that age group, will be able to command during the coming season, meaning he will be better served by moving for a short time to another side.
Arsenal and Tottenham, as well as Borussia Dortmund in Germany, are said to be the clubs in with the best chance of signing him along with the Reds, while Barcelona do not want to include a deal to make the loan permanent at the end of the season.
Liverpool's big target of the summer in an attacking sense seems to be Shakhtar Donetsk midfielder Henrikh Mkhitaryan, and the Armenian's potential transfer seems set to rumble on for a while longer yet before anything is concluded.
ESPN indicate that Mkhitaryan is happy to let his management team work on any possible transfers, and that he will respect his contract with his present club until he is told that a potential move is in place and agreed to between clubs.
Shakhtar are also quoted as saying they want to keep him, but are "willing to listen and consider all proposals" as they bid to get the greatest value for their attacker in the transfer market.
This looks like a deal which could take much of the summer to conclude, while Sky Sports report that Liverpool have not yet even made a bid for him.
Liverpool have already added Iago Aspas and Luis Alberto to their forward line, but TalkSPORT are reporting that another wide attacker is being linked with an Anfield move.
A perennial name in amongst the gossip columns with moves to Liverpool pending, Eljero Elia is a Dutch winger who has been playing most recently in the German Bundesliga. He played 24 times for Werder Breman last term without scoring a goal.
While he moved to Bremen for £5 million last summer, there is no indication of the price Liverpool might be willing to pay for the 26-year-old, who has a long-term contract with his club.
With Alberto, Raheem Sterling, Philippe Coutinho and perhaps even Luis Suarez all likely to feature from the left side of attack next season, it is debatable just how strongly this rumour might be followed up.
The Telegraph (subscription required) are reporting that Swansea City defender Ashley Williams prefers a move to Arsenal if he is to leave the Liberty Stadium this summer.
Williams was captain of Swansea under Brendan Rodgers before the Reds boss moved to Liverpool last summer, and he was widely seen as a target in the media at the start of the summer.
No move has come about, despite Liverpool's quick moving approach to the market so far, and the assumption should be that Liverpool are not interested in signing the centre-back. If Arsenal is his preferred destination, there should be no problems caused by the Reds for the Gunners to sign him.
The Times' Tony Barrett reports that Pepe Reina's future as the No. 1 choice goalkeeper of Liverpool is under threat, and that the Spanish goalkeeper may be moved on this summer.
Reina has been Liverpool's first pick in goal since the summer of 2005, but the pending arrival of Simon Mignolet will change all that according to the report. Mignolet is estimated to cost the Reds between £8 and £11 million from Sunderland, with Brendan Rodgers set to make the Belgian the man between the sticks next season.
Spanish stopper Reina is currently in Brazil with his national team, competing in the FIFA Confederations Cup.
Another man in the Confederations Cup is Uruguayan forward Luis Suarez.
The top scorer for Liverpool last season will miss the opening half-dozen games of next season through suspension, and rumours continue to circulate about him moving on permanently before then anyway.
The story goes that City are unwilling to pay £53 million for Edinson Cavani, Suarez's partner at international level, so Manuel Pellegrini will instead opt for Suarez, who will cost a minimum of £40 million and could even approach the same £50 million mark.
Suarez's departure would give Liverpool added room to strengthen in the transfer market, but keeping him at the club would mean they retain arguably the best forward in the league.