The Reds came second last year and will be looking for a similar title challenge this time around, but manager Brendan Rodgers has already been dealt a blow after the departure of star striker Luis Suarez to Barcelona in a £75m deal earlier this summer.
The likes of Javi Manquillo, Dejan Lovren, Emre Can, Adam Lallana, Lazar Markovic and Rickie Lambert have arrived, whilst Alberto Moreno looks set to join them. The £10m capture of Divock Origi - who was immediately loaned back to Lille - means that the Reds are set to take their summer spending past £100m.
Yet Rodgers admitted this week that he still wants more signings, and fans still want to see one more forward come in as the club look to replace the 31 goals scored by controversial Uruguayan Suarez last season. The likes of Swansea's Wilfried Bony and Paris Saint-Germain's Edinson Cavani have both been linked, but it's another PSG forward who could end up at Anfield.
Argentine international Ezequiel Lavezzi has been linked with an exit all summer as Laurent Blanc's side pursue a deal for Lavezzi's compatriot Angel di Maria, but in a bid to keep him in the French capital, PSG offered the 29-year-old a new contract - only to see him reject the opportunity to stay at the Parc des Princes.
Now, PSG have reportedly told Lavezzi to leave the club having reacted badly to his contract decision - which leaves Liverpool firmly in the driving seat. Inter and Juventus are also reportedly interest, but the Serie A sides only want a loan deal - and Liverpool are allegedly willing to offer £18m to secure his signature, which the French outfit are more interested in.
Lavezzi, formerly of Napoli, is a great fit as a wide forward in Brendan Rodgers' system, and would certainly add the extra 'star power' that Liverpool lack in attack since Suarez's departure.