Former Liverpool boss Roy Evans fears his old club are set to miss out again on a top four finish next season.
Kolo Toure, Luis Alberto, Iago Aspas and Simon Mignolet have all been signed by the Reds this summer.
Evans told talkSPORT: “I’m pleased so far [with what they’ve done in the transfer market]. The three signings all look to be good young players, and hopefully there’ll be one or two more.
“The problem you have if you’re not in the Champions League positions is you’re not going to attract the top players in Europe. So Liverpool have to look in different regions for up-and-coming talent because Champions League players won’t come to you.
“The plan is to try to get into the Champions League, but everyone else will be spending big money as well and it will be difficult for Liverpool still. You can’t change things overnight."