Liverpool boss Kenny Dalglish expects more big transfer spending this summer.
The Scot has indicated Fenway Sports Group are ready to bankroll a significant squad strengthening programme in the summer to help push the team back among the Premier League's front-runners.
"We know where we want to go as a club and we do not want to be at a club that's going to be sixth or seventh or eighth in the league," said Dalglish. "There is a lot of work to be done to get where we need to be.
"A lot of work will be done on the training pitch and the transfer market to get there as quickly as we can.
"The underbelly of the club is looking as good as it has been since I can remember with the development of the academy, although there are no players you could put straight in because it wouldn't be fair on the lads themselves.
"The development and the work we have done in the Academy is going to serve us well for years to come.
"But we have to push closer and that work will be done in the transfer market and the training pitch."
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