Roy Hodgson is expected to have £50 million to play with when he takes charge of Liverpool.

The Mirror says Liverpool hope to name Fulham boss Hodgson their new manager in the next 48 hours.

Yossi Benayoun's intended departure to Chelsea should be completed by the end of the week, with the £5million fee added to an initial transfer kitty of £15million.

And with Argentina international Javier Mascherano also likely to depart for a fee in excess of £30million, with both Barcelona and Inter Milan pursuing the midfielder, then the new boss could have upwards of £50million to spend, especially with peripheral figures like Albert Riera, Ryan Babel, David Ngog and Diego Cavalieri on the way out.