Brendan Rodgers has masterminded Liverpool's resurgent return to Premier League title contention, but the journey to becoming an English force doesn't end with this season.
This summer will be key to the Reds' rebuilding process, and determine whether their status as a giant is once again genuine or whether they'll fall back into Premier League mediocrity.
Here, we look at some of the latest transfer rumours and speculation surrounding Anfield, with those both at the club and outside hitting the headlines.
Federico Fazio, Sevilla
After seeing his season initially interrupted by injury, Federico Fazio has helped Sevilla's defence make a marked improvement in recent months, and word has now emerged that the centre-back is on Liverpool's radar.
That's according to talkSPORT, who recently reported that two unnamed clubs are willing to meet the player's £8 million release clause.
It's not the first time Fazio has been linked with a move to England—this time last year, the player's agent Ariel Kiperszmid was quoted by Italian outlet tuttomercatoweb (h/t Sky Sports) as saying of his client:
In January the club rejected offers from Germany and Russia but in the summer they could be looking at making millions of Euros. There are four Italian teams interested in him and Serie A could be a good destination for him, but there are also admirers in England. Fede could play for one of Europe's top teams.
The Reds may have been one of those interested parties, and their intrigue may not have waned in the space of 12 months, making for another potential switch this summer.
Pepe Reina, Napoli (On Loan)
Pepe Reina's future as a Liverpool player hasn't looked secure for some time now, and the player appears convinced that his future lay outside Anfield.
The Mirror's Alan Wilson quotes the Spanish goalkeeper—currently on loan at Napoli under previous Liverpool chief Rafa Benitez—as saying: "I will go back to Liverpool and talk about a transfer."
Though nothing is sealed just yet, Simon Mignolet's presence on Merseyside looks to be the one that will remain beyond the summer, with Reina presumably departing for pastures new.
Lazar Markovic, Benfica
Having only completed his switch to Benfica from Partizan Belgrade last summer, Lazar Markovic could once again be on the move in 2014, with Liverpool one of the sides eyeing up his talents.
Markovic came on in the second half to only feature in a cameo capacity, but the 20-year-old has shown signs of the promise that made him such a hit in his native land before moving to Portugal.
Dominic Vieira of A Football Report shows what responsibilities Markovic typically has in the Eagles' setup:
Capable of playing on the wing, in a No. 10 role or up front as a striking option, the youngster has the kind of attacking malleability that makes it easy to see why Rodgers might be interested. However, we'll have to wait and see whether that promise is enough to result in some concrete interest over the coming months.