Steve Nicol said on the ESPN FC show on BT Sport 1 on Friday evening that Liverpool are going to make a lot of signings next summer.
The Liverpool legend expects new manager Jurgen Klopp to gauge the quality of the players he has in his squad at the moment this season.
"I think this is going to be a year when he figures things out, and I would expect at the end of the season a lot of signings for Liverpool," said Nicol on the ESPN FC show on BT Sport 1 on Friday evening.
There is not a single world-class player in the current Liverpool squad, and it will not be easy for the Reds to finish in the top four of the Premier League this campaign.
However, there are some very good players, such as Philippe Coutinho, Nathaniel Clyne and Daniel Sturridge, and Klopp will need to get the best out of them.
It will take some time for the German to understand his players and realise how far he can take them.
Given that Liverpool are still in the running for a Champions League place, Klopp will have to make some quick decisions, especially as he will have the chance to bring in new players in the January transfer window.