The Scot was allowed to spend over £50 (€57) million in January following the exit of Fernando Torres to Chelsea, with Andy Carroll and Luis Suarez both being signed on the final day of the transfer window.
And Dalglish, who will reportedly be able to spend more than £50m again in the summer, does not believe the Reds failing to qualify for the Champions League will mean they have to pay more for players.
“I don’t want to stand here and say how much we will have to spend or whether we are going after this player or that player,” he was quoted as saying by The Mirror.
“I want to give the players that are here the utmost respect for their efforts this season, but there will be people leaving and people coming in because that’s the nature of a football club.
“What I will say is that the owners have been fully supportive. They want the club to be successful and if we don’t have the players here to do that then we need to go and find somebody else.
“At the same time, if somebody is too greedy then they won’t be coming here.
“People are entitled to their own opinion [about the effect of not being in the Champions League].
“We are confident that we will get players if we want them.
“If they don’t want to come here for the right reasons then we won’t take them anyway. It’s as simple and as straightforward as that.”
Dalglish, who ended weeks of speculation by signing a new three-year deal with Liverpool on Friday, says he expects the club to have a busy summer in the transfer window.
But the former Blackburn and Newcastle boss insists the Reds will not bring in players for the sake of it, and will only spend if the right signings are available.
He said: “I don’t think we will be quiet during the summer and although we can all look forward to next season we also have to remain realistic.
“We won’t buy players if they are not the right calibre. We will keep our money in our pockets.
“Anybody that is coming in here will need to better than the ones here, but that is a big ask and that reduces your options every time.
“I hope my coming back doesn’t frighten anyone away!
“As I’ve said, we will do our best quietly and efficiently and hopefully to the same quality and integrity as we have done our recent business.”
Liverpool can qualify for the Europa League with a win over Tottenham on Sunday, but Dalglish is setting his sights higher for next season, pointing to their wins over the Premier League’s top clubs as a standard to reach in the future.
He added: “We set our own standards here, but we have to get up to speed with the people who are better than us.
“How do you judge they are better? The league position.
“I think we have beaten three of the top four and that is the standard we have to reach if we want to be successful.
“We have to get to the level that the successful teams are playing at.”