The one thing they must make sure they do not do is simply impulse buy with the money raised, as Tottenham did to little effect in trying to replace Gareth Bale.
The Reds must act sensibly and buy players who fit into their style rather than just buying two or three good players because they think that will add up to a Suarez—it won't.
The reportedly imminent signing of Loic Remy from Queens Park Rangers therefore looks to be an astute piece of business, as his playing style should work well with what Brendan Rodgers already has at Anfield.
According to Sky Sports, the 27-year-old Frenchman is in the USA to have his medical with Liverpool:
QPR striker Loic Remy has flown to Boston in the USA to complete a medical ahead of his move to Liverpool, according to Sky sources.
Sky Sports reported on Saturday that the two Premier League clubs had agreed an £8.5million fee for Remy's transfer to Anfield, and it is now understood that fee could rise to £11m.
Remy—who spent last season on loan at Newcastle—is a very valuable player for QPR, but chairman Tony Fernandes holds out little hope of keeping him, per David McIntyre of West London Sport:
I’d like to keep Remy and I think I’ve made that clear, but he has to want to stay.
He’s turned down some clubs. Some clubs have come in and he’s said "No, I’d rather stay at QPR".
If it’s a club that’s not dissimilar to QPR, then why go? If it’s a club that’s much bigger then I won’t hold him back.
Liverpool is certainly a much bigger club than QPR, and they will be competing in the Champions League next season as well as making another tilt at the Premier League title.
Remy looks on the verge of the switch, and Rodgers—as he has done so far all summer—looks to have bought well.
On a very basic level, Remy will make up some of the goals lost by Suarez's departure. He is a proven goalscorer and bagged 14 in 26 Premier League appearances last season, per WhoScored.com.
However, beyond the obvious attraction of his goalscoring ability, he has other attributes which should see him fit in well at Liverpool.
His Premier League experience is not to be sniffed at, per the Daily Mirror's Darren Lewis, as he will likely take less time to bed in as an alternative transfer from another league would do:
More than that, however, his versatility and skill-set look to be well matched to Liverpool's counter-attacking style.
His great pace is a huge asset and will work well with the likes of Raheem Sterling and Daniel Sturridge. Equally, his ability to play on either flank should see him fit into a system that is likely to have Sturridge as the main striker.
As Gary Doolan in The Daily Mail points out, Liverpool's Northern Irish manager has not stumbled upon Remy by accident, he seemingly fits well with his style:
Crucially, though, Remy will also provide the pace, ability and willingness to play in any position forward of deep midfield, which appeals to the Ulsterman’s desire for his players to be interchangeable in a fluid, rotating system.
Bringing in a man who would clash with Sturridge at the top of the formation, or who would not be able to keep up with the Reds' pace, would be futile, no matter how good the player.
But Rodgers clearly has a plan. He knows he cannot replace Suarez directly so he is bringing in a player who will provide goals himself but will also fit cohesively into a system while not taking away from the others around him.
The one drawback is Remy's lack of Champions League experience, but then that is the case for the majority of Liverpool's squad next season.
They will potentially be hamstrung by their naivety in Europe, but Rodgers is doing a cracking job in making the best preparations possible and Remy looks another astute purchase.