Liverpool finished the season in eighth place in the Premier League and were beaten in domestic and European cup finals.
Having lost the League Cup final to Manchester City back in February, Jurgen Klopp's side bounced back to beat the likes of Manchester United and the German's old club Borussia Dortmund to make the Europa League final.
The Anfield side showed real signs of improvement under Klopp, though, and many have tipped them for a title tilt given the fact they will have no European exertions next season.
'Title tilt is a bit hopeful'
But former Red Murphy, who played 170 times for Liverpool scoring 25 goals, has told talkSPORT he's not so sure.
"I think they've got the right man in place," Murphy told Alan Brazil's Sports Breakfast show.
"I think if he (Klopp) can get the players he wants, convince them to come and then if he does get three or four in, five maybe, they can have a go at top four but I don't think they can have a go at winning it.
"I think if they can get in the top four and have a good cup run again, you know a cup final again, then that would be ok but to expect to go from where they're at now to challenging to win it in one summer of signings is probably a bit hopeful."
Transfer plans in place
Klopp's summer business is already mapped out.
That's according to the man himself who told the Liverpool Echo he already has a list of targets and says his transfer plans did not hinge on securing Champions League football next season.
One player that has been heavily linked with a move to join the enigmatic manager's Merseyside revolution is compatriot and World Cup winner Mario Gotze.
But the skillful midfielder - famous for scoring the winning goal for his country against Argentina in the 2014 World Cup final in Brazil - has this week hinted he is keen to remain at Bayern Munich, as reported by the likes of the Mirror.