Brendan Rodgers has got Liverpool into the Champions League, but if the Anfield club are to stay there, crucial signings need to be made.
The Northern Irishman is currently being linked with names including Xherdan Shaqiri, Adam Lallana and Emre Can, all of whom would add strength in depth to a Liverpool squad that needs bolstering ahead of next season's busier schedule.
Here, we take a look at the latest reports surrounding all three.
Latest on Liverpool's Potential Transfer Activity
In: Xherdan Shaqiri, Bayern Munich
Talented youngsters like Shaqiri need to be playing regular football. The 22-year-old will lead Switzerland's charge into the World Cup despite posting just 10 starts across the Bundesliga and Champions League with Bayern Munich this season, per WhoScored.com.
Shaqiri has been linked with a move to Liverpool by James Dickenson of the Express, and now could be the time for Rodgers to strike. Shaqiri has suggested he needs a stint in the Bayern first team or else he'll move on, as reported by 20 Minuten and via Sky Sports:
It's clear that I cannot continue like this. If nothing changes, I will have to make some changes myself. I want to play in the important games as well and not just in the Bundesliga. I don't want to go through another year like this. I only want to play for a major club. The Champions League is important to me. We will see what happens.
Shaqiri also confirmed he will only move to a "foreign club" that is "challenging for the title," criteria Liverpool fulfill.
In: Adam Lallana, Southampton
Reports seem to have cooled surrounding Lallana's potential move to Liverpool. With Mauricio Pochettino now installed as Tottenham boss, it seems the Reds could face competition for the Englishman's signature, as reported by Nick Rostron-Pike of talkSPORT:
Southampton are believed to be holding out for a £25million offer for the 26-year-old, after rejecting a £20m bid from Liverpool.
This has alerted the north London club, who believe they can steal a march on their Premier League rivals in the race for the England winger, having secured Pochettino.
Lallana recently named Pochettino "one of the best managers out there," per John Cross of the Mirror. Even so, the player has "aspirations to play in the Champions League," suggesting Liverpool can get their man if the money is stumped up.
Ralph Krueger, chairman of the Saints, also remains defiant his club will dictate any sales. "Any transfers that take place will be under our terms. We will decide the terms to potential transfers in and out of the club," said Krueger, per ESPN.co.uk.
In: Emre Can, Bayer Leverkusen
With Lallana talk dying down, Emre Can has emerged the most likely midfielder to join Rodgers' revolution this summer. The young German, who enjoyed a breakout 2013-14 season with Bayer Leverkusen, may need to lower his wage expectations if a deal is go to ahead, though. James Pearce of the Liverpool Echo has the details:
However, Liverpool's first transfer of the summer is being held up due to ongoing negotiations with the Germany Under-21s international's representatives over personal terms.
Talks are continuing but the 20-year-old appears to be in no rush to sort out his future with Leverkusen still battling to convince him to stay put.
The threat of Bayern also remains. Can's contract includes a buyback clause for the Bavarian club, who sold the youngster to Leverkusen last year, per Eurosport. This right could be exercised if a Liverpool deal appears close, as it's unlikely the Bundesliga champions will want to lose out on their right to a future star.
Right now, Germany-based pundit Jan Aage Fjortoft doesn't believe Can is worth shelling out for:
Rodgers will undoubtedly have to battle to secure his main targets this summer. Unlike January, which saw Yevhen Konoplyanka and Mohamed Salah escape his grasp, the manager's pre-season activity must be met with world-class acquisitions.
Liverpool's developing squad remains exciting. But without additional talent, it will struggle to maintain pace across four competitions next season.