The German has a history of great signings, but he had some recent stinkers.
At the weekend Liverpool gave their manager Brendan Rodgers the boot. The Northern Irishman was sent packing after a less than impressive start to the new Premier League and Europa League season - scraping through the Capital One Cup against lowly Carlisle United at Anfield.
The main target to replace him appears to be former Borussia Dortmund boss Jurgen Klopp. The charismatic German is the number one choice of the Liverpool board, who hope to have him tied down by the end of the week - according to the BBC.
One of the factors seemingly holding up the deal regards the transfer policy at Liverpool.
It is believed Klopp wants the majority of control over incoming transfers, although he will be expected to work within the transfer committee at Liverpool.
Klopp has certainly worked some wonders in the transfer market in the past. He signed the likes of Pierre-Emerick Aubameyang, Marco Reus, Ilkay Gundogan and Robert Lewandowski.
But in his final year at the club he did not do so well.
He signed seven players.
Ji Dong-won, formerly of Sunderland arrived from FC Augsburg. He never played a game for the club and re-joined Augsburg this summer.
Colombian Adrian Ramos arrived from Hertha Berlin - he has scored six goals for the club and was almost sold in the summer.
Klopp spent big money on Ciro Immobile. The Italian international may have scored 10 goals for the club but it was not enough and he was loaned to Sevilla.
Slovenian Kevin Kampl signed in January. Ten months later and he is now at Bayer Leverkusen after flopping.
Shinji Kagawa and Nuri Sahin were brought back to the club by Klopp but neither have lived up to their former heights whilst youngster Matthias Ginter also arrived from SC Freiburg. He might still thrive but struggled last season.
All seven of Klopp's final signings flopped during his time at the club and only four of them remain - two of which are former favourites who have failed to relive former glories.
In the past the Liverpool favourite has succeeded in the transfer market but his more recent arrivals have been poor and his management of the transfer market may not be as warranted as we may think.