Liverpool boss Brendan Rodgers insists they can compete on wages in the transfer market.

The Reds missed out on Gylfi Sigurdsson after Tottenham offered him the bigger package.

"We didn't lose out [on Sigurdsson] because of not wanting to spend the money, we lost out because the manager was not prepared to move," said Rodgers.

"There is no doubt there will be other targets and people we want to bring in but we won't lose out on wages.

"If we feel there is a player out there in the market whose value and worth can add value to what we are doing here then we will do everything we can to bring them in - no question."