Liverpool manager Brendan Rodgers will be given the resources to carry out a squad overhaul in the summer to prepare his side for Champions League football next season.
The Reds' 3-2 victory over Norwich on Sunday not only kept them on course for a first league title since 1990 but also guaranteed them a spot in Europe's premier club competition, as reported on the club's official Twitter feed:
As a result, managing director Ian Ayre confirmed on Tuesday that the club would be looking to significantly strengthen the squad.
What we achieved on Sunday was massive. This isn’t just about getting in the qualifiers [by finishing fourth] - we are guaranteed Champions League football. It is an unbelievable achievement from where we were.
There is no question we always expected that the squad we need for next season will be very different to the squad that we have needed for this year when we were not playing in Europe. That has always been on the cards.
It will be Liverpool's first appearance in the Champions League since 2009, and Maddock's report suggests that Rodgers may be given up to £70 million to spend on new players.
Read on for a look at whom the Northern Irishman might bring in to Anfield to strengthen the side that has lit up this year's Premier League.
The Ukrainian left winger has been a Liverpool target for some time, and a move for the Dnipro player in the January transfer window was thwarted at the last minute.
However, Rodgers confirmed after the failed attempt that the Reds would likely return for the 24-year-old in the summer.
As reported by Liam Prenderville in the Mirror, he said:
The club did everything possible to get the player in. [...]
I've heard the problem mentioned was about the money but that was not a problem. It just wasn't to be.
I feel really sorry for the player because he was obviously desperate to come but it's gone now and we will review it in the summer.
The Anfield club boast strong attacking options with the likes of Philippe Coutinho, Raheem Sterling, Daniel Sturridge and Luis Suarez in the squad, but the Ukrainian would add depth that is currently lacking and is essential for a club playing domestically and in Europe.
Tactical specialist Jonathan Wilson wrote of the player on Bleacher Report in January:
Konoplyanka also gives the option of attacking the full-back on the outside. He is quick and dynamic, and rather more disciplined than Coutinho if it comes to closing down an attacking full-back. The more options Liverpool have, of course, the less danger there is that they become predictable.
While Liverpool have been scintillating in attack this season, scoring 96 goals in the league, they have been weak at the back, conceding 44 times, more than any other team in the top five, per BBC Sport.
Borussia Dortmund left-back Schmelzer could be a realistic, experienced and affordable target for Rodgers as he attempts to shore up his back line.
While Liverpool have been able to outscore most of their opponents this season, this may not be possible in the Champions League against sides like Real Madrid and Bayern Munich.
And Schmelzer would bring great experience, having appeared for Dortmund in last year's Champions League final, which Jurgen Klopp's side lost to Bayern.
Sean Kearns on talkSPORT reports the 26-year-old is available for just £10 million, and German football pundit Jan Aage Fjortoft believes the form of Dortmund's Erik Durm could be key if Liverpool want to snap up Schmelzer:
A long-term target for Liverpool, the Schalke centre-back would be another strong signing at the back.
Schalke currently sit third in the Bundesliga table and their home defensive record is bettered only by that of Bayern Munich, per ESPN FC.
James Pearce of the Liverpool Echo reported last summer that the Greek defender could be bought for £12 million, another very reasonable amount for a player who would bring increased strength in front of Simon Mignolet.
His physical presence would be a great addition to the Reds squad, as would his confidence on the ball. Papadopoulos' distribution skills would also fit in well with Liverpool's counter-attacking style.