Three signings are in, but it may feel like things are a little quiet at Anfield.
Liverpool manager Juergen Klopp applauds fans
The transfer activity at Liverpool has perhaps been a bit more low key than fans would have perhaps wanted.
Two of their three transfers were concluded before the end of the season in May - with Marko Grujic and Joel Matip set to arrive at the club this summer from Red Star Belgrade and Schalke respectively.
Goalkeeper Loris Karius has been the man who has signed since while there have been a number of players linked. In terms of positions it seems as though Liverpool are after a left-back, an attacking midfielder who could play wide and another central midfielder.
Loris Karius in action for Mainz against Hamburg
It's interesting that with something of an irritation among supporters about no more business since to look back at what Jurgen Klopp has said about his players in the past.
Back in October after his first game in charge at Tottenham he suggested that he could work with the side he had at his disposal. ESPN was among those to report that he wouldn't spend loads of money in the January transfer window - he didn't - only the aforementioned Grujic.
Schalke's Joel Matip
After the Europa League final defeat to Sevilla, he is quoted in the Liverpool Echo, saying: “This team will be a little bit different next year, that's clear. We we will do something with transfers, that's clear."
Some have taken those comments as a suggestion there is going to be some sort of overhaul. It's not uncommon for a side to be a 'little bit different' and 'do something with transfers' without dramatically changing the make-up of the team.
It seems that he has addressed a couple of areas early on in the form of a goalkeeper and centre-back as he tries to make Liverpool a little more solid and a little less error prone in that part of the field.
Now the European Championships have started things are a little quiet, nothing has been done since. But Klopp may feel that this isn't a side that needs so much of an overhaul, but one or two key players that could slot into the side and get more out of it.
Liverpool manager Juergen Klopp during training
There were signs last season that Liverpool were finding their stride under Klopp, though with switching their focus came that element of inconsistency in the closing stages, but at times they looked a side that could be a threat to those at the top of the league. If he sees elements of it like that, and just wants to alter the dynamic of the side slightly, then maybe people should relax a little over transfers.