Liverpool's title challenge collapsed on Monday night as Brendan Rodgers' side inexplicably threw away a 3-0 lead with just ten minutes to play against Crystal Palace, having to settle for a 3-3 draw at Selhurst Park - which gives Manchester City the upper hand in the race for the Premier League crown.
Whether the Reds manage to claw back the ascendancy or not, Rodgers has led them back to the Champions League and will need to strengthen his squad ahead of the rigours of competing on multiple fronts - after all, Liverpool's title challenge came without playing in Europe, leaving their players refreshed throughout.
As a result, Rodgers will have money to spend and a number of players have already been linked with summer moves to Anfield, and one of those is Valencia midfielder Parejo.
The former Real Madrid trainee, 25, had a loan spell with Queens Park Rangers back in 2008 but eventually made his name with Getafe before securing a move to Valencia in 2011.
It's taken the midfielder some time to impress at the Estadio Mestalla, but he has starred this season, scoring five goals and racking up eight assists - which has naturally attracted interest from elsewhere - with Liverpool believed to be near the front of the queue for Parejo's services.
But whilst president Amadeo Salvao admitted to having received bids for Parejo, he has told any interested teams to meet the midfielder's reported £20.5m release clause - inviting bids in the process.
"We have received several offers for Parejo but while I am the president Valencia will not sell him unless any club meet his release clause," said Salvo.