As the season's end approaches, the rumor mills have started to churn out news at an alarmingly fast rate.
However, the rumors become more and more accurate as the transfer window approaches.
The owners, in a recent interview, had mentioned that they were surprised by the lack of quality in the Liverpool squad—something that is not far from the truth.
There are a number of players who should not be present in a team that has title ambitions.
Hence, it is expected that there would be a major clear-out in the summer of the players who don't fit the billing.
One of them would most definitely be Milan Jovanovic. Brought in on a bosman by Rafael Benitez, he has failed to impress anyone—the pundits, the fans or the manager(s).
Initially tried out in a number of games by Roy, he never ever managed to find the net in the League and was more used more often in the Europa League games.
In a recent public outburst, he has spoken of how the Liverpool move was a wrong decision and Liverpool would not like to hold on to a player who is not the quality that they want and has spoken out so openly about his desire to move.
Another one of the players likely to make a move is Christian Poulsen. The 31-year old Denmark captain was brought in by Roy Hodgson, as a replacement for Mascherano, though he still does not admit that Poulsen was a replacement.
He is one of the few Liverpool players who became an instant villain in the eyes of the Liverpool fans. His displays were pathetic to say the least and though Dalglish tried him out in his first few games as a manager, he started using the youngsters Jonjo Shelvey and Jay Spearing, a clear signal that time's up for Poulsen at Anfield.
FC Copenhagen seem to be interested in Poulsen and Liverpool would be lucky if they are able to recover anything close to what they had paid for him.
Another one of Hodgson's flop signings was Paul Konchesky. For one thing, he was never ever good enough to play at Liverpool and was brought in only because of Roy's Fulham connections.
A series of unimpressive performances and PR blunders like Konchesky's mother ranting out against Liverpool's fans, led him to be sent off on loan to Nottingham Forrest—that too at a time when Liverpool were so visibly short of options at left back.
Hence, he does not seem to be a player who would ever return to Liverpool.
Roy Hodgson had supposedly pulled off a transfer coup when he managed to convince Joe Cole to sign for Liverpool. He was expected to provide the team with that bit of creativity that had been lacking for some time.
An ominous start to his Liverpool career by being sent-off, he never managed to find his feet at Anfield, plagued by bad form and recurring injuries.
There are clubs who still seem to be interested in him and Liverpool would do well to ship him off with a reunion with former boss Redknapp at White Hart Lane or being used as a make-weight for a deal for Ashley Young with Villa being the possibilities.
This brings us to the players who are expected to come in.
Comolli had openly spoken about his admiration for Ashley Young. His pace down the flanks would provide Liverpool with both the width as well as pace in attack that they have been lacking since the departure of Luis Garcia.
With Manchester United also in the fray for the youngster, securing his signing wont be an easy task. However, the new owners have shown that they are willing to loosen the purse strings if they feel that a player is required.
If recent reports are to be believed, Liverpool are expected to beat Manchester United to Young's signing and are very close to a deal for the same.
Another deal that could have been finalised is for the Spanish left-back Jose Enrique. The Newcastle player has been one of the most impressive left backs in the league as well as one of the most impressive players for Newcastle this season.
With Liverpool's problems at left-back well documented, this would be quite welcome signing.
Liverpool had been chasing Charlie Adam in the January transfer window as they wanted to have another central play-maker on their rolls.
One player who could have fulfilled that role was Alberto Aquilani, who was for some strange reason shipped off on loan to Juventus with a buy-out clause.
When he started performing impressively for Juve, most fans believed that Liverpool had lost him for good.
However, with Juventus unwilling to pay the 13 million buyout clause amount and Kenny stating that Aquilani would be a Liverpool player when the contract expires, a possibility has emerged that Aquilani might get a second chance at Anfield.
And if that happens, it is highly unlikely that Liverpool would go for Charlie Adam, who then would be open for a battle for between Tottenham and Manchester United.
There might be more signings as well in the summer with the possibility of the arrival of a Central defender, another winger and a back-up striker also very realistic possibilities.
Whatever be the case, one thing is for certain: Liverpool is going to be one busy team in the summer transfer window.