They may not have been able to defend their Premier League title but, having slumped as low as eighth in March, they managed to salvage a campaign which looked doomed at one stage.
Nonetheless, Jurgen Klopp and the club hierarchy are now faced with a daunting rebuild. The last few months have revealed a number of structural issues with the squad.
With Euro 2020 looming on the horizon, they have a limited amount of time to get deals done before the inevitable lull in transfer activity.
As things stand, it appears that at least one signing could be made before the start of the tournament.
Here’s Wednesday’s Liverpool transfer round-up with all the latest developments.
Ibrahima Konate medical completed
Liverpool’s interest in RB Leipzig centre-back Ibrahima Konate has been well documented and, given their defensive injury crises this season, it certainly makes sense.
According to Fabrizio Romano, his medicals are all done and dusted and the signing could be announced in the next few days.
Konate has a release clause of €35m (£30.3m), which would leave Leipzig with little choice in the matter.
Speaking earlier this month, Leipzig CEO Oliver Mintzlaff told Sky Germany: “No decision has been made yet. There is an exit clause.
“That’s why we don’t sit in the driver’s seat. He is a player we want to keep.”
Ruben Neves available for £35m
What’s more, it looks like he could be available for a relatively reasonable £35m fee.
Liverpool assistant manager Pepijn Lijnders worked with Neves at Porto, so the Portugal international already has some connection to the club.
He has also drawn the attention of Manchester United, however, so Liverpool will have to monitor the situation closely.
Wolves signed Neves in 2017 for around £15.8m and, having won promotion from the Championship in his first season in England, he has been invaluable in helping them to become an established Premier League team.
Ozan Kabak to return to Schalke
While Liverpool fans will be delighted to see the Konate transfer nearing completion, Ozan Kabak may not be so pleased.
Liverpool do not intend to make his loan from Schalke permanent.
Included in his loan deal is an option to buy for £18m plus add-ons, but Liverpool have decided against it. With Konate set to provide them with another option at centre-back, they will presumably look to invest the money elsewhere
Kabak has made 13 appearances in all competitions since arriving in February and was hoping to remain at Anfield.
He has been informed of Liverpool’s intentions and is now in dialogue with other clubs, including Leipzig.
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