The summer transfer window is just around the corner, and clubs all over Europe are working hard as they attempt to finalise a number of deals ahead of the start of the World Cup.
Clubs' valuations of players can change with big performances on the world stage, so the sooner clubs like Liverpool can sign their transfer targets, the better.
Here are the latest transfer reports surrounding the Reds.
Rickie Lambert very close to completing move to Anfield.
"The medical went well but as you know I can't say anything. I'll speak properly about it, hopefully, very shortly. It's been a crazy football year to be honest, the way it's carrying on."
Gary Lineker all but assumes the move will be made official shortly, making for a great tale of football redemption:
17 years after being let go by Liverpool, and a career climbing back up the football ladder, Rickie Lambert signs for the Reds. Great story!— Gary Lineker (@GaryLineker) May 30, 2014
Lambert isn't a big-name signing of a flashy superstar, but he's exactly the kind of hard-working, powerful forward any club can use.
At a reported price of just £4 million, the Reds will be adding a physical element to their group of forwards, and while Lambert will never be expected to start over the likes of Daniel Sturridge and Luis Suarez, he carries quite some value as a squad player and late substitute.
A 32-year-old forward with limited potential might not excite fans all that much, but Lambert presents great value for Brendan Rodgers, and the Southampton striker will make for a solid first signing when the transfer market opens.
Valencia keen on Chelsea's Thorgan Hazard.
Inside Spanish Football's Tom Conn reports Valencia's Joan Salvans suggested to Spanish newspaper Super Deporte his club is interesting in negotiating a deal for Belgian midfielder Hazard, who is believed to be a transfer target for Rodgers.
Thorgan, the younger brother of Chelsea Player of the Year, Eden Hazard, has proven himself worthy of taking the next step in his progression with both Liverpool and now Valencia expressing interest in taking the Belgian, while it is up to Chelsea to decide if they want to keep Thorgan next season or loan him out to a club with a higher level of play.
Hazard won the Belgian Golden Boot award and enjoyed a sensational season with Zulte Waregem in the role of conductor right behind the strikers.
The youngster is less explosive than his older brother, but his superior passing skills make him an excellent fit in the centre of the pitch. The position of attacking midfielder is one of strength for Chelsea, however, and the 21-year-old could struggle for minutes at Stamford Bridge.
Chelsea have so far refused to comment on the possibility of a sale, indicating the club may prefer to wait and see whether Hazard can continue his development on loan. A move to Valencia would make a lot of sense in that perspective, and it would take the young midfielder of the market entirely.
Sevilla give green light for Alberto Moreno transfer.
The wing-back position is arguably the biggest need for the Reds, with Jon Flanagan more comfortable on the right and Glen Johnson no longer able to play at a Champions League level.
Sevilla's Alberto Moreno could be the team's answer to all of their (defensive) problems, and The Mirror's David Maddock claims the Spanish international could join Liverpool within the next week:
Liverpool hope to wrap up a deal for Alberto Moreno within the next week, after being given the green light to speak to the Spanish star.
The Reds have submitted a formal offer for the exciting left back that will total around £20m, consisting of a £15m fee, plus their young midfielder Suso.
And the Spain international's club Sevilla have indicated they are ready to do business, by paving the way for Moreno to talk terms before he departs to the United States next week, ahead of World Cup duty.
The 21-year-old impressed this season during Sevilla's Europa League campaign with his versatility to play all over the left wing.
Moreno displays a very mature defensive game for such a young player but can be very rash in his decision-making, leading to no less than nine yellow cards during the 2013-14 season, per WhoScored.com.
His blend of athleticism and vision is tantalising, however, and there's a reason why he made Vicente del Bosque's preliminary squad for the upcoming World Cup.
Wing-back is a position of need for Liverpool, and if Rodgers could fill the slot on the left wing with future star like Moreno for less than £20 million, it would present a major coup for the Reds.
Flanagan could replace Johnson on the right wing and give the team a young one-two punch moving forward. While Flanagan's ceiling may appear to be a lot lower than Moreno's, he has already defied the odds by succeeding on the left.