With the club's budget boosted by €88 million following the striker's exit to Barcelona, the manager will only pay what he sees fit for players who buy into his philosophy
The Reds have been linked with several players in the close-season and have already spent around €75 million for Adam Lallana, Lazar Markovic, Emre Can and Rickie Lambert.
Suarez has left for Barcelona for €88m, giving Liverpool more money to spend should they choose to, but Rodgers insists that he will refuse to buy players should they be overpriced.
|5/6||Rickie Lambert is 5/6 with bet365 to score over 10.5 goals this term|
"There has been a lot of work. There's hardly been a break for the staff over the off season, flying through Europe, speaking with players and looking at targets.
"But generally the prices we've paid was the value we put on them. I would not want the club to pay more than a value just to get someone in."
Rodgers recently revealed that the money gained from the departure of Suarez is yet to be touched despite heavy investment already this summer and having been linked with the likes of Arturo Vidal and Marco Reus.
But the manager says that the club will only sign players who will improve the squad rather than blindly going for "names" and feels no obligation to empty the coffers during the transfer window.
"Our signings are strategic signings. They are not just names," Rodgers added. "They must all fit into the purpose of the team but, of course, we want them to make a contribution. If that means we do not spend all the money or the net spend is the same then so be it.
"The character is important. It is not just about the player but the right type of person. I want players that are committed to the cause to make Liverpool the best they can be. I want players resting when they should be resting, training hard and working hard and focusing on their life as footballers.
"The types we have brought in are those types, as well as those we already have in the squad who have been brilliant. It is footballing qualities and also human qualities we want."