The former England Under-21 manager, and caretaker boss of the senior side, thinks Brendan Rodgers has taken the right approach in this transfer window.
“Whenever I've had success at clubs, we've got them in early, which means the first day of pre-season everyone is there," he said.
He touched on the dangers of jumping the gun on transfer targets but felt acting quickly, if possible, is the best course of action.
He added: “But you can only do that if you’re sure what you’re going to sign. If you have any doubts you don’t go too early.”
“But if you have got the targets, all agreed on the targets and can get them straight away, I think it’s good business to get it done early.”
Liverpool are hoping to bounce back after a dismal showing last season and compete for a top-four berth once again. The £29 million signing of Firmino, per the BBC, has grabbed the headlines but Taylor feels one of football’s great unsung heroes could have the biggest impact at Anfield next season.
“He can play in a couple of positions for Liverpool, he’ll be there every training session, doing it right every day and every game, and will set an example,” Taylor said of James Milner.
“Milner’s a great lad, you speak to any Under-21 manager, they’ll say he’s the best pro they've ever worked with."
Can Liverpool challenge again?
While Danny Ings and James Milner represent solid Premier League acquisitions, they are not the types of signings to propel Liverpool above the incumbent top four. Firmino remains a risk and there’s no telling whether the Brazilian will be able to adapt to Premier League demands right away. His time in Germany will have helped him become accustomed to European football but as many foreign signings over the years have shown, the Premier League is an altogether different beast.
Losing Suarez, Gerrard and likely Sterling too would be a monumental loss to any team and there remains a lot more for Rodgers and Liverpool to do if they are to compete for honours any time soon.