Jurgen Klopp is confident Liverpool can still attract the best players in the world, but says it is very difficult because they cannot offer as much money as their Manchester counterparts.
The Reds have lost the likes of Luis Suarez and Raheem Sterling in recent years, while they had a quiet winter transfer window, having missed out on the signing of Alex Teixeira from Shakhtar, who opted to move to China.
However, their manager insists the Anfield outfit retains the same appeal as it did before amongst potential signings, even as he acknowledged the challenges his outfit face when it comes down to a bidding war.
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"Liverpool is a big name in European football and for sure there will be a few players who will say 'I want to play there'," Klopp told reporters.
"Well, until they get another offer from another club with a similar history and more money!
"But it's 40 miles away from Liverpool so I can live in Manchester and play there and if I want to go to Liverpool I can go there instead."
Klopp recently said the Reds will look to sign new players in the summer, but has stressed that he only wants to bring in those who will be committed to the club.
"If a player only wants to come to us to play in the Champions League, short-term ideas are always silly. I don't like this.
"I don't like it when players say 'Ah, but you're not in the Champions League. We want to get you because we want to play in the Champions League.
"If you don't want to help us, and want to jump on a running train, then go somewhere else. That's it.
"You need the right mentality and quality. That's how it is. If there's a player who won't join Liverpool because we don't play in the Champions League or will only join because we're in the Champions League, that's not for us.
"There are a lot of players out there. We have to make the decision. If we can't convince the player then we can't. That's because of other offers or different things."