It's hard to see where exactly Liverpool need to improve their squad, what with the Reds retaining a substantial lead at the top of the Premier League summit and making steady progress in the Champions League and FA Cup.
Liverpool did not make any significant first-team signings in the summer of 2019, opting to instead push on the momentum of the previous season and playing to their squad strengths.
Nevertheless, Jurgen Klopp might be tempted to expand his squad depth as he looks to clinch Liverpool's first-ever Premier League title.
Goal will keep you updated with all the latest transfer news - alongside insight from our Liverpool correspondent Neil Jones - and rumours and gossip surrounding Liverpool's transfer activity and potential arrivals in January and beyond.
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- Latest Liverpool transfer news & rumours
- Potential Liverpool exits
- Confirmed Liverpool transfers
Liverpool are not expected to do further incoming business in January following their £7.25 million ($9.6m) swoop of RB Salzburg and Japan starlet Takumi Minamino.
The Reds have already turned their attention to their summer activity with longer-term targets, however, which will potentially see more arrivals at Anfield.
Sevilla defender Diego Carlos is on Liverpool's transfer target list, with the Brazilian having impressed for the Spanish Liga side since his arrival from Nantes in 2019.
It is also understood that he has been eyed by Real Madrid as a potential replacement for Sergio Ramos, and comes with a £64m release clause.
Klopp and co are also admirers of Dortmund wonderkid Jadon Sancho, who has been impressing in Bundesliga.
Of course, the England international's talents are far from an open secret, with the likes of Manchester United and Chelsea already keen on splashing out the cash on the winger – with the Red Devils understood to spend over £70m ($90m) on him.
Though Sancho has close relationships with England team-mates Callum Hudson-Odoi and Tammy Abraham at Stamford Bridge, the opportunity to work under Klopp might be a factor in Sancho's decision on his future.
It is understood, though, that Dortmund do not plan on losing such an integral player mid-way through the campaign, making a summer move more likely.
Bayer Leverkusen winger Leon Bailey is also a potential target for the Reds, who are keen on adding more squad depth.
The Jamaica international could provide for a cheaper, alternative option for Sancho and his expectantly high price tag.
Seventeen-year-old Wigan forward Joe Gelhardt has also been watched by the Reds, as well as 19-year-old Brescia and Italy midfielder Sandro Tonali .
Reds looking for Clyne options
Nathaniel Clyne could leave Anfield on loan after falling down the pecking order, according to the Liverpool Echo.
Liverpool open to adding in summer
Klopp has no plans for any outgoings or incomings on Friday, but has not ruled out the possibility of more transfers in the summer window.
The Reds boss has said: "Not easy but is it possible? We will see, we don’t know exactly."
Wijnaldum leaves door open for Liverpool exit
Liverpool midfielder Georginio Wijnaldum says that he will not be rushed into deciding his future on Anfield, nor will he rule out a possible exit - but the Dutchman admits he considers the club "home".
Klopp could allow two exits
Jurgen Klopp could sanction two departures from Liverpool ahead of the transfer deadline, according to a report in the Liverpool Echo.
It is not clear which players will be allowed to leave Anfield, but Xherdan Shaqiri and Nathaniel Clyne have been touted for moves.
'Signing Mbappe would give Klopp headache'
Kylian Mbappe's arrival at Liverpool would give Jurgen Klopp a major selection headache, according to Fabinho.
"At this moment it would be a headache for Liverpool if we had him here because our attacking trio is very good," said the Brazilian.
Liverpool rule out Coutinho return
Klopp's side have denied the possibility of the Brazil playmaker returning to Anfield, according to El Desmarque.
Philippe Coutinho has experienced a mix bag after leaving Liverpool in 2018 to join Barcelona, and is currently on loan at Bayern.
Xherdan Shaqiri is not expected to separt Liverpool in January, but the Switzerland international is keen on regular games. He is on the radar of Roma and Sevilla.
Chirivella could be headed out of Liverpool and to a Championship club despite his promising display during the Reds' 1-0 FA Cup victory over crosstown rivals Everton.
The Spaniard has had a mixed bag at Anfield, having been loaned out three times since his arrival in 2015.
Curtis Jones – the hero of the FA Cup win over Everton – is likely to leave on a loan move later in the month.
The Liverpool boss did say following the victory, however, that he expected Jones to have a bright future at Liverpool "as long as nothing strange happens" .
|Allan Rodrigues de Souza