Liverpool have been among the busiest of the Premier League big guns this summer, already finalising some major transfer business as they prepare to once again stage an assault on the Champions League.
However, the window is far from over and Brendan Rodgers is said to be lining up more quality additions to help the club reach their full potential.
Here we break down the most recent transfer developments surrounding Anfield, featuring talents both established and otherwise allegedly en route to Merseyside.
Last week's speculation suggested that Italian titans Roma had already sealed a deal to make Seattle Sounders starlet DeAndre Yedlin one of their own, but it's now being reported that the Reds still have a chance in acquiring his talents.
Football Italia (h/t Bruce Archer of the Daily Star) stated that the Giallorossi had finalised an agreement for the United States right-back. However, the player's agent, Chris Megaloudis, has refuted those claims:
Glen Johnson has drawn some criticism at Anfield in recent seasons, with some calling for Jon Flanagan to be given his chance in the right-back role, while others insist a fresh face is needed.
Yedlin wouldn't be available until the Major League Soccer season finishes in any case, meaning January would be his earliest time of arrival, but Liverpool could still seal the youngster's loyalties this summer.
A long-term asset coveted by Liverpool in 2014, Dejan Lovren's swift progress as a Premier League star has seen Brendan Rodgers' side take a grand step in their hunt for the Southampton defender.
Dominic King of the Daily Mail reports that the Reds are on the verge of acquiring the Croatian stalwart, following a medical on Saturday and a £20 million fee being agreed between the two clubs.
Saints boss Ronald Koeman appears to have accepted that his centre-back will soon depart, too, speaking to BBC Sport on Friday:
Our job if someone leaves is to be prepared for that position. Because Lovren is a key player in Southampton we are working hard to bring someone in and are close to doing that. The club are working hard and it is still not too late.
Rodgers already has the likes of Martin Skrtel, Mamadou Sakho, Daniel Agger and Kolo Toure in the position, but Lovren's capture would serve to deepen the club's defensive resources before they commit to a busy season.
Following on from the signings of Adam Lallana and Lazar Markovic, Liverpool are ready to add yet more firepower to their wings, with the chase for Xherdan Shaqiri heating up, per Swiss newspaper Blick (h/t Mirror's Ben Burrows).
Blick reports that a £14.2 million offer has been lodged, but Bayern Munich are yet to respond. WhoScored.com depict just what a potent playmaking force the speedster was at this year's World Cup:
Xherdan Shaqiri: Averaged more key passes per game (4.3) than any other player at the 2014 World Cup— WhoScored.com (@WhoScored) July 23, 2014
Shaqiri has moved to quell rumours of a move, though, and he is quoted by Metro discussing his chances of leaving the Allianz Arena:
It is the time of year when much is written, but as we all know, there is very little truth behind it. As you all know I am currently on holiday so I am not in talks with other clubs nor have I spoken with any journalists.
I have a contract with FC Bayern until 2016. My advisors are in regular contact with the responsible people at FC Bayern so there is no reason for speculation.
Playing time in Bavaria has been hard to come by for Shaqiri, with wing wizards Franck Ribery, Arjen Robben and Thomas Mueller accounting for most of Pep Guardiola's playing preferences.
However, it seems the 22-year-old wants to fight for his place with the Bundesliga champions, although Liverpool will look to convince him otherwise.