Former Liverpool captain and assistant manager Phil Thompson has told Sky Sports News that he thinks Jurgen Klopp has got a good base to work from at the club, but acknowledged the side is lacking 'stardust'.
It is reported that Klopp has agreed a three-year deal with the Reds by the Liverpool Echo, along with other sources, and Thompson, who now works as a pundit for Sky Sports, has said the former Borussia Dortmund manager will 'ignite' the fan base.
He told Sky Sports Today that he feels the Reds achieving a place in next season's Champions League is not out of the question, despite the fact that Liverpool - who sacked Brendan Rodgers on Sunday evening - currently sit in 10th place in the table.
He said: "I think there's always a chance for Liverpool to finish in the Champions League spots because you are looking at the quality of the league at the moment.
"Before the derby game [against Everton], Liverpool were five points off the top of the league, they were two points from a Champions League spot and they haven't really played well this year.
"I think if he can fill a lot of confidence into these players, and belief that they can make it, I think it's still there. There's a long way to go in this season."
A lot has been made of the impact a man who led Dortmund to two Bundesliga titles will have on the fans at Anfield after building a visible bond between himself and supporters at his previous club.
Thompson senses something very similar could take place with Klopp on Merseyside: "He will ignite the Liverpool fans. He will make every game special. You've seen him on the touchline and the way he was with the Dortmund fans. That end of theirs, which is like the Kop, well it'll be exactly the same.
"The European game (at home to Rubin Kazan) is going to be electric."
Klopp will take charge of the Reds for the first time when they travel to White Hart Lane to take on Tottenham Hotspur in the Premier League a week on Saturday, before his first home game in the Europa League against Rubin Kazan.
He then faces Southampton and Bournemouth at Anfield in the league and League Cup respectively, before a trip to Chelsea concludes October.
Understandably Liverpool fans are a little more optimistic, and good results from his opening five games as Reds boss will do little to dampen those spirits.