They will be keen to get some good players in with the money raised from the sale of Sterling to Manchester City.
The whole rotten saga appears to be over, thank goodness, as Raheem Sterling is leaving Liverpool for a price quoted by the Liverpool Echo as £49 million, with Manchester City the grateful recipients of a winger who seems to have burnt every bridge he could have had with Merseyside given the way he and his representative have tried to force through a move.
It's a sizeable amount of money for a 20-year-old, and in what seems to be another summer of rebuilding, Liverpool need to invest this money wisely, and learn the lessons of last summer.
Christian Benteke is still mooted to be the club's number one target as they look to add another forward to their ranks and solve the problems in front of goal that they encountered last season.
Liverpool spent in excess of £100 million last summer following the £75 million sale of Luis Suarez. It was not the most successful transfer window last year - while some of the signings may still prove to be a success in the medium to long-term, the likes of Mario Balotelli, Rickie Lambert and Javier Manquillo have all not worked - with the latter of the three already departing the club this summer, cutting his loan spell short.
But now they have the resources to go and get their man. £32.5 million is the clause that Aston Villa put in Benteke's contract - though Liverpool will be business-like and try and find a way to pay less to get their man.
There is an element of apprehension surrounding a potential deal for Benteke - one would think one of the reasons is that he plays for a side that has struggled for survival in the Premier League but if those at the club are convinced he is the man to lead Liverpool's attacking threat then they should do everything they can to get their man.
However, there should still be money left over to address another area of the squad if they land Benteke, but it must not be a panic buy. If the right man doesn't come along, they should bank the money and bide their time.
In many ways the club's owners have managed to run a pretty successful business model already when it comes to the development of players and selling them off for a massive profit. But they can't afford anything like the scatter-gun approach of last summer when it comes to using these funds to anything like a good effect.