There is a feeling among many Foxes fans that last season's incredible title triumph was a one-off and a good run in the Champions League would compensate for dropping back into the pack.
However, Foxes boss Ranieri, who spent £70million this summer, heads to new-look Anfield today, warning his squad he is ready to axe any of them if they do not perform.
The Italian rapped: “Everybody has renewed their contracts and we have broken our transfer record again. But this is football at the highest level. There is not a hierarchy here.
“They all know they can play — or they can be left out. It's not a case that somebody who played last season is sure to play this season.
“I watch every training session and I watch every match. If I see someone is doing better then I'll change things. NOBODY is sure of their shirt.
“They have to perform to the highest level and if I see them drop below that I have the players to replace them.
That is important. I want competition so there is a big fight in the dressing room. It's better for me because then only the strongest survive."