The last January window was used as a springboard for the Reds, this one could be even bigger.
They currently sit a point behind fourth placed Everton and are six points off Arsenal at the top of the table. For as long as Liverpool have finished outside the Champions League places, going back to 2010, the target has always been to return to the top table of European football.
Now, Liverpool have a real chance for the first time in that period to achieve their objective. But the side needs to improve further – and though many will say there is no real value in the January transfer market, it could prove to be a massive transfer window for Liverpool.
Over the Christmas period, we have seen that despite improvements to the squad in the previous window in the summer, the squad still lacks the depth to match that of Manchester City and Chelsea.
And if the previous transfer window is anything to go by, the Reds can dispel the myth surrounding the January window – where last summer they signed Philippe Coutinho and Daniel Sturridge who have become integral parts of the side.