With Jurgen Klopp leaving Liverpool at the end of the season and the sporting director post currently vacant, it could be an uncertain summer for the Reds in the market.
Liverpool will need to strengthen regardless of who appears in the Anfield dugout, with plenty of players being touted with potential moves to Merseyside already.
Here is the latest Liverpool transfer news from Friday 9 February, including more Kylian Mbappe, Lloyd Kelly discussions and Leory Sane's uncertain future.
KYLIAN MBAPPE'S EYE-WATERING DEMANDS
While a move to Liverpool looks increasingly unlikely, Kylian Mbappe is still being linked with a potential switch to Anfield.
However, one of the reasons that a transfer appears improbable is due to the Frenchman's staggering wage demands, with sums that dwarf the amount Liverpool's top earner Mohamed Salah currently makes.
According to Spanish outlet Cadena Ser, the three conditions of Mbappe's transfer are: a gross salary of €50m (£43m) a year and a signing bonus of €120m (£103m), as well as extra unspecified bonuses relating to his image rights.
Liverpool and Real Madrid may not be able to afford such a huge financial package, but Paris Saint-Germain are willing to pay the forward what he wants to keep him in the French capital.
Menawhile, Salah's agent, Ramy Abbas Issa, has previously claimed that his client earns "between €54m (£46.8m) and €62m (£53.7m)" per year, but these figures include Salah's third-party endorsement deals with the likes of Pepsi and Adidas.
LLOYD KELLY IN 'ADVANCED DISCUSSIONS' WITH REDS
Liverpool target Lloyd Kelly is reportedly in 'advanced discussions' with the Reds and Tottenham Hotspur over a free transfer this coming summer.
The 25-year-old is expected to leave Bournemouth at the end of the campaign, with journalist Seb Ecrivain having claimed that both Liverpool and Tottenham Hotspur are in 'advanced discussions' to sign Kelly this summer.
In a further boost to Liverpool's hopes of recruiting Kelly, Football Insider claim that he's in no rush to decide his future and is not interested in signing a pre-contract agreement with any foreign club at present.
Kelly would be an astute addition, especially on a free transfer, with Liverpool expected to add a left-footed centre-back to their roster ahead of next season.
LEROY SANE 'OPEN' TO SUMMER MOVE
Bayern Munich attacker Leroy Sane hasn't ruled out a potential summer exit amid interest from Liverpool should Mohamed Salah leave for Saudi Arabia.
As a result of his stellar displays this season, the 59-cap Germany international has been attracting interest from Liverpool and could be a potential successor to Salah should he leave for the Saudi Pro League this summer.
German football journalist Christian Falk has claimed that Sane is one of the Reds' priority targets if Salah departs, stating: "Leroy Sane is aware that he is on the Reds’ list if Mohamed Salah leaves for Saudi Arabia.
"His contract in Munich runs until 2025. His future is open. He changed also his management a few weeks ago. He doesn’t rule out a transfer in the summer."
The former Manchester City winger is certainly talented but it remains to be seen how concrete Liverpool's interest is in the 28-year-old.
ARSENAL COMPETING FOR LIVERPOOL TARGET
Liverpool face competition from title rivals Arsenal in their pursuit of Athletic Club winger Nico Williams.
The 11-cap Spanish international, who is brother of fellow Athletic Club star Inaki Williams, has been linked with the Reds regularly in the past, although he recently signed a contract extension with the Basque club last December.
The 21-year-old has produced five goals and ten assists in 24 appearances this season, taking his tally of goal contributions up to 34 since breaking into the Athletic Club first team.
According to The Mirror, the Gunners see Williams as a potential back-up to Bukayo Saka, but the attacker won't come cheap having just penned a new deal in Bilbao.
However, Athletic Club insist that Williams, who has also been touted with potential switches to Real Madrid and Aston Villa, is not for sale.
DAVID HANCKO SIGNS NEW CONTRACT WITH FEYENOORD
Liverpool transfer target David Hancko has signed a new deal with Dutch club Feyenoord amid interest from the Reds.
The Slovakia international has impressed in the Eredivisie in recent seasons and is one of a number of centre-back targets for the Reds.
Having signed a new deal with Feyenoord, the 26-year-old is now likely to set Liverpool back even more if they choose to pursue him in the summer.
However, the Reds face competition from French champions Paris Saint-Germain for his signature, with Hancko's agent claiming that both Liverpool and Luis Enrique's side contacted his client in January.