In the top four of the Premier League and through to the fourth round of the FA Cup, Liverpool have entered January in good heart.
The Reds are in a favourable position should they decide to strengthen their squad during this winter transfer window. Manager Brendan Rodgers will no doubt look for new recruits who can make an immediate impact following a spate of injuries at the club, which have led to several youngsters featuring in first-team squads.
Glen Johnson, Jose Enrique, Daniel Agger, Steven Gerrard, Daniel Sturridge, Mamadou Sakho, Joe Allen and Jon Flanagan have all picked up knocks in recent weeks, forcing the likes of Jordan Rossiter and Cameron Brannagan into first-team action, with Brad Smith making his senior debut at Chelsea.
Players continue to be linked with Liverpool on a daily basis, and a move for Egyptian winger Mohamed Salah is currently considered close to completion by many sources, including the Metro.
What about the freshest rumours?
Here we track this week's latest Liverpool transfer news.
Last updated Friday January 10
Former Chelsea man Salomon Kalou is the surprise name kicking off Monday's rumours, with the Daily Mirror linking the 28-year-old attacker with a move back to England following his year-and-a-half spell in France with Lille.
Apparently available for around £2.5 million, the paper also credits Tottenham with interest in Kalou, with Roma and Besiktas also monitoring his situation.
The Mirror is also crediting Liverpool with interest in 17-year-old MK Dons midfielder Dele Alli after Brendan Rodgers watched him play in his side's 3-3 draw with Wigan in the FA Cup third round on Saturday.
Alli has been a frequent face in the Dons' side this season, and manager Karl Robinson noted the appearance of the Liverpool boss at the DW Stadium:
I know Brendan quite well and we speak about different players all the time.
There may have been another reason why he was at the game today, but you’ve seen Dele and he’s special.
Will Hughes is a name that has been linked with Liverpool, in sources such as the Daily Express, for a while. However, according to the midfielder's club, he won't be going anywhere in January.
Following the Rams' 2-0 defeat to Chelsea in the FA Cup, chief executive Sam Rush told the Daily Star:
Will is best placed in Derby.
There is a huge amount for him to achieve here and I don't feel commercially it is the right time for us to entertain any other discussions.
The lack of progress made by Victor Moses during his loan spell at Liverpool might have scuppered the Reds' chances of signing another player from Chelsea, according to John Cross of the Daily Mirror.
Brendan Rodgers has been keen to tie up a temporary deal for the Blues' left-back Ryan Bertrand to strengthen one of his problem positions, but with Chelsea reportedly less than impressed at the fact that Moses has only started six league games during his spell at Anfield, they are now unwilling to allow Bertrand to move north.
The performances of Moses, who substituted at half-time against Oldham in the FA Cup, have hardly given a compelling case for him to play more however, and perhaps it is more likely that Chelsea are loathe to strengthen one of their rivals for a Champions League place in the latter half of the season.
As reported here by kickoff.com, the 20-year-old has been in fine form this season, and the website even found quotes from November in which Onazi outlines his desire to join the Reds, saying:
I would jump at the chance to play in the Premier League.
Liverpool? They are a huge team and are attractive to any footballer. I could see myself playing for them.
The move for Basel's Mohamed Salah continues to dominate Liverpool's transfer discussions, but a row over the fee will now delay any deal until the summer according to David Maddock of the Daily Mirror.
Salah remains high on the Reds' wanted list, but Brendan Rodgers is unsure whether the 21-year-old with no Premier League experience will make an immediate enough impact to justify the extra cash spent on him now, and could instead wait until the summer to sign him.
With Daniel Sturridge now on the verge of a comeback, as indicated in the link above, and the likes of Luis Suarez, Philippe Coutinho and Raheem Sterling in such good form, Rodgers could be wise to wait for the Egyptian.
The Mirror also highlight a fascinating rumour from Mercato that the Reds could be about to move for Marseille's diminutive attacking talent Mathieu Valbuena.
The 29-year-old has long been admired across the continent for his clever and precise style of play, but he is now being tipped to leave the Stade Velodrome either in January or the summer, with Liverpool believed to be rivalling Monaco for his signature.
Reds fans will remember Valbuena for his fantastic performance and stunning winning goal as Marseille beat Liverpool 1-0 in a Champions League match at Anfield in 2007.
Morata is also believed to be a target for Arsenal, but the Reds are understood to be interested in pursuing a short-term move for the Spain under-21 forward should Real boss Carlo Ancelotti make him available.
Staying in La Liga, the Barcelona full-back Martin Montoya has reiterated that he is happy to stay at Barcelona despite his contract running out in the summer.
As reported by the Liverpool Echo, Reds managing director Ian Ayre flew out to Barcelona to hold talks with Montoya's representatives in November, and although Liverpool remain keen, a deal for the 22-year-old doesn't look imminent.
The Russian side are believed to be in a position to offer more money then the Reds, whilst they can also guarantee the Egyptian Champions League football.
Despite the Reds appearing to have more than enough cover in defence, the 24-year-old is thought to interest them, with the player's agent confirming that talks with Liverpool and the Gunners have taken place.
Daniel Agger has picked up a calf strain which is likely to rule him out of much of the next month, but the Dane has also taken the opportunity to deny that he'll be leaving Anfield.
Giving an interview in his homeland, as reported by Sky Sports, Agger said:
I'm not thinking about moving at the moment, not at all.
I've only seen what the papers say and I can't really do anything about it. There is no reason to believe these rumours.
Meanwhile, the Reds have confirmed that young midfielder Connor Coady has extended his loan spell at Sheffield United until the end of February, and that full-back Ryan McLaughlin has joined Barnsley on loan for a month.
French midfielder Yann M'Vila was immediately linked with Liverpool when he was pictured sitting in with the Reds supporters at this season's Merseyside derby at Goodison Park (Liverpool Echo), and his agent has confirmed he would like to switch from Russian club Rubin Kazan to the Premier League.
As reported by the Metro, Werner Baader said:
I think many players dream of playing in the Premier League – Yann is no different.
There could be movement in the forwards department at Anfield if reports are to be believed.
The Daily Mail report that Brendan Rodgers is a big fan or Burnley's England under-21 goal-getter Danny Ings, and space could be made for him in the Reds squad if they can offload Iago Aspas on loan to Valencia, as reported by Talksport.