Despite Klopp warning supporters that his side will not be spending excessive cash this summer, that won’t stop him signing the right players should they become available.
It’s likely that a striker will be top priority when the window opens, which could see Roberto Firmino drops back into a No 10 role.
Klopp may also need to replace a number of squad players with James Milner (he could still stay), Daniel Sturridge and Alberto Moreno all set to depart Anfield upon the expiry of their deals.
Injuries to Dejan Lovren and Joe Gomez have seen the Reds short in defence at times this season, so Klopp could be in the market for a centre-back.
Luka Jovic – Eintracht Frankfurt
If Liverpool are going to bring in a goalscorer, there aren’t many better options around in Europe right now than Jovic.
The 21-year-old has 21 goals in all competitions this season which has got Europe biggest clubs purring.
Frankfurt will be bracing themselves for offers which they will more than likely accept having recently activated his £7million option-to-buy clause from Benfica.
Klopp knows the Bundesliga like the back of his hand and has had success developing players in and from the German top flight, take Firmino for instance.
Ruben Neves – Wolves
While a central midfielder doesn’t jump out at you as a position Liverpool need to address, Neves would bring qualities they lack in the engine room.
His range of passing, shooting from distance and power is something the Reds have been starved of since the departure of Steven Gerrard.
He’s proven in the Premier League too after just one season, which shouldn’t be underestimated.
Adam Lallana can no longer be relied on and at just 22-years-old, Neves’ best years are yet to come.
James Tarkowski – Burnley
Again Premier League proven, there is a reason Gareth Southgate has been keen to involve Tarkowski in his England set-up.
With Joe Gomez set to put his injury hell behind him next term to return alongside Virgil Van Dijk, there would be no need to blow a large percentage of their budget on a centre-back.
Tarkowski has previously been linked to Liverpool, meaning Klopp could be weighing up a move for the Three Lions international.
Burnley only signed the 26-year-old for £4m and are not the kind of club to be able to turn down money.
Ryan Sessegnon – Fulham
Sessegnon’s first season in the Premier League has not gone to plan, meaning interest in his signature has cooled.
But wth just over a year left on his contract, he could prove a bargain for any top club willing to take a chance on him.
With Moreno heading for the exit door, Liverpool will be in need of a back up for Andy Robertson.
Fulham will need the cash to rebuild and cannot risk losing Sessegnon on a free transfer 12 months down the line.