The former defender believes his old side need to add experienced players to their squad in the summer.
Those are, of course, Mario Balotelli, Fabio Borini and Rickie Lambert, all of whom have failed to fill the goal scoring boots of Luis Suarez, who was sold to Barcelona last summer, and Daniel Sturridge, who has missed most of the campaign through injury.
And while Brendan Rodgers has often chosen to sign young players he can develop in the past, Thompson says experience is needed this time around.
“I think we need experience through the team,” he said.
“Liverpool need more goals, it’s been proven without Sturridge and Suarez. We need experience in this squad; we’ve got all the youngsters [we need].”
The aforementioned trio of Balotelli, Borini and Lambert have been heavily criticised this season, with the former Manchester City man the main target of the dissenting voices.
His signing during the summer was considered to be a calculated risk as the club sought to replace Suarez’s goals. However, it has proved to be a risk that wasn’t worth taking.
Fellow Sky Sports pundit Matt Le Tissier agrees with Thompson, saying the Reds need to sign a couple of big-name players, rather than those of promise.
“They need a couple of big names I would have thought,” he added.
“It’s been disappointing for Rickie Lambert, Balotelli certainly didn’t work out – what they’re going to do with him I don’t know – Borini is not of a standard that he’s going to be a regular Liverpool player.”