Liverpool's spending came to around £120m this summer following the departure of star striker Luis Suarez, with manager Brendan Rodgers splashing the cash on Javier Manquillo, Dejan Lovren, Alberto Moreno, Emre Can, Adam Lallana, Lazar Markovic, Mario Balotelli, Rickie Lambert and Divock Origi, though the latter will remain with Lille on loan for the duration of the season.
Whilst many now consider Liverpool's squad to be ready for another title challenge after the arrival of Balotelli, Rodgers could have added even more to that having pursued a deal for Bayern Munich winger Xherdan Shaqiri. The former Basel star, 22, has been on the fringes of the Bayern team with boss Pep Guardiola preferring to use Franck Ribery, Thomas Muller or Arjen Robben out wide, leading to speculation that the Swiss international would be leaving the club this summer.
Those rumours only gathered pace when he played a key role for Switzerland at this summer's World Cup, where he bagged a hattrick against Honduras in a dazzling display - and now with the transfer window closed, Shaqiri will stay at the Allianz Arena, but only because the Bavarian club refused to let him join Liverpool, he revealed.
"Liverpool made a bid for me before the World Cup but Bayern put their foot down and told me, ‘We’re not going to sell you’, said Shaqiri. "My contract runs until 2016 and I could possibly extend it. I will consider my decision during the winter break."
With 15 goals in 69 games for Bayern, Shaqiri has shown the potential to be a key factor in the Bayern team, but he's simply being blocked out of the team by established, world class players. Bayern are now entering a situation where they will either have to use him or lose him, as being fourth choice won't be good enough for Shaqiri - particularly with clubs the size of Liverpool monitoring his situation.
Liverpool's signing of Serbian international Markovic shortly after the World Cup suggests that he may have been a second choice option for the Reds once they had been told that a deal for Shaqiri was impossible, but it would be little surprise to see Rodgers rekindle his interest in January if Shaqiri is still on the fringes of the Bayern side.