Liverpool have had a very active 2014 summer transfer window, and as a result, fans and pundits expected their deadline-day activity to be limited to loan-deals for surplus players and other minor moves.
Brendan Rodgers may have other plans, however, with plenty of exciting rumours still coming out of Anfield as the end of the window draws near.
Let's have a look at the latest transfer buzz surrounding the Reds.
Liverpool have reportedly arrived at Spanish veteran Victor Valdes in their search for depth at the stopper position, per The Independent's Ian Herbert.
The Barcelona legend is a free agent and still recovering from injury, and thanks to his status, the Reds would be free to sign him past the transfer deadline. Liverpool will likely wait until October, giving Valdes a chance to prove he is healthy and ready to play.
The 32-year-old will serve as cover for Belgian international Simon Mignolet, and given his wealth of experience, he will push the current No. 1 for the starting role. Mignolet is wildly talented but suffers from bouts of inconsistency, and without a capable backup, a lack of competition at the stopper position hurts his form.
Valdes proved he was still capable of playing at the highest level in his final season with Barcelona, so while Mignolet won't have to worry about his status as starter just yet, he will need to be at the top of his game to hold off the veteran.
Goal's Christian Nyari agrees Valdes would be an excellent signing:
With no transfer fee necessary, Valdes presents the kind of value signing you'd expect from a top club near (or past) the end of the summer window.
King quotes a reported price tag of £10 million, but there appears to be some confusion over the actual fee, with several outlets quoting different figures.
Borini was eager to prove himself at Anfield in 2014-15, but with the Reds already fielding an abundance of attacking players, a lack of playing time would have made it hard for the forward to convince Rodgers he still had a future with the Reds.
While a fee in the vicinity of £10 million isn't a great return for a player once considered to be one of the best attacking talents in football, his value wouldn't have risen with another season on the Liverpool bench.
A loan could have been option, but with no strong candidates pushing on that front, Rodgers appears to have chosen to cash in on the player now.
The reason Sunderland can't apply for another loan of Borini is because Uruguay international Sebastian Coates has moved to the Stadium of Light for the 2014-15 season, with confirmation provided by Liverpool's official website.
Premier League rules dictate clubs can only take one player on loan from the same parent club.
The 23-year-old defender was in a similar position as Borini, with three capable starters ahead of him in the Reds' pecking order. Dejan Lovren, Martin Skrtel and Mamadou Sakho will all play big roles for Liverpool this season, leaving little room for Coates.
The Liverpool Echo's James Pearce confirmed the move has been made official:
Fans are still hopeful the South American can continue his development with Sunderland and someday make an impact for the Reds, but given Rodgers' lack of faith in his abilities, it seems unlikely.
Jamie Carragher agrees:
The Uruguayan will get the chance to prove everyone wrong over the course of the next season, and if he can impress with the Black Cats, there's no reason he shouldn't get another chance at Anfield in 2015-16.