Jordan Henderson and Charlie Adam have already been signed as a part of a rebuilding process at Anfield, but Liverpool manager Kenny Dalglish will have to go the extra mile to solve the problem in the left-back position. To that effect, reports suggest he is planning an outrageous move to land bitter-rivals Everton defender Leighton Baines.
Caughtoffside.com has reported that Dalglish, after failing to land Gael Clichy and losing steam on Jose Enrique, will attempt to sign Baines from their neighbours, in order to resolve the problem are at left-back.
Paul Konchesky, who was Roy Hodgson's signing, has been a disaster at Liverpool which led to Dalglish having to play Glen Johnson and Danny Wilson out of position, though it didn't always prove successful. Baines, who is increasingly threatening Ashley Cole as the best English left-back, could prove to be the answer to Dalglish's problems.
The move could be quite controversial though, for obvious reasons. Firstly, Everton manager David Moyes will be unwilling to part with his key players, despite operating on a meager budget. Secondly, due to the rivalry between the two sides, Baines himself will need to think long and hard before accepting a potential offer, although Liverpool has more of a chance to help him play Champions League football in the coming seasons.
Paul Konchesky could be subject to an offer from Leicester City, who are managed by former-England boss Sven Goran Eriksson, much to the relief of Liverpool supporters. The Sun reports that the 30-year-old, who had a disastrous first-season at Anfield, is part of Eriksson's plans to propel Leicester into the top flight.
Elsewhere, Liverpool's hopes of signing Stewart Downing has been threatened by Arsenal who, according to Sky Sports, have offered Aston Villa £18 million for the 26-year-old. If the rumours are to be trusted, it could mean that Arsenal manager Arsene Wenger has resigned in his effort to keep Samir Nasri at the Emirates. This could result in a tug-of-war between Liverpool and Arsenal for the services of Downing.
If Liverpool fail to land Downing, then they could turn to Wigan winger Charles N'Zogbia, according to The Sun. Aston Villa is also behind the Frenchman, as they are resigned to losing Downing.
Another Liverpool player who has the chance to end a nightmare period with the club is the 29-year-old Joe Cole. Charlie Adam's arrival at Anfield puts the former-Chelsea man further behind in the pecking order, and the Metro reports that German side Hamburg could offer an exit to the former-Chelsea man, as Hamburg's sporting director is Frank Arnesen, who was Chelsea's football director. Hamburg's willingness to pay Cole's £90,000-per-week wages, which was a stumbling block to deals with other English sides, could see him make a loan move to Germany though they could also make a permanent move for him.
Finally, former Liverpool star Robbie Fowler has joined Thailand's Muang Thong United in a one-year-deal worth £420,000. The 36-year-old has made the move from Australian side Perth Glory.