Liverpool has made a robust start to the transfer window, splashing out over $250 million (£200 million) on six players. Florian Wirtz, Jeremie Frimpong, Milos Kerkez, Giorgi Mamardashvili, Armin Pecsi and Freddie Woodman have all been welcomed into Arne Slot's team in a bustling June.
However, the Reds aren't necessarily done yet, with young defenders under consideration and a striker potentially in their sights, there's still plenty of business to be conducted in the next two months.
For now, though, sporting director Richard Hughes might well be concentrating on departures, as Liverpool aim to rejuvenate their squad and generate funds from player sales in the forthcoming weeks.
Trent Alexander-Arnold has already bid farewell, with the Reds pocketing a $14M (£10m) fee from Real Madrid to expedite the transfer several weeks early. Goalkeeper Caoimhin Kelleher followed Alexander-Arnold through the exit door, finalising a move to Brentford worth up to $25M (£18M)
Nat Phillips' stint at Liverpool also concludes, after the defender transferred to West Bromwich Albion for just over $4M (£3m).
And he won't be the only center-back leaving the club as Jarell Quansah heads off to Bayer Leverkusen in a deal that nets the Reds around $48M (£35m).
Quansah was part of the England Under-21 squad that clinched the Euros with a 3-2 triumph over Germany on Saturday, and his club colleagues who were also part of the group are likewise the subject of summer speculation.
Harvey Elliott, after a sterling performance for England, clinching the Player of the Tournament title with five goals, has seen his stock rise considerably. Despite this, his future at Liverpool remains uncertain as the summer transfer window looms.
Harvey Elliott
This summer's Euros showed Harvey Elliott is ready to play a leading role at a Premier League club.
Earlier this year Elliott expressed his desire to remain with the Reds but acknowledged the need to make decisions that benefit his career.
The Reds are known for basing their valuations on other market deals, so for a player of Elliott's youth and relative experience, a figure north of $55M (£40m) seems reasonable.
Tyler Morton, who made a strong impression at the Euros, was also targeted by Leverkusen last summer before deciding to stay at Anfield for another year. However, the 22-year-old will undoubtedly be eager to find a new club this summer, and $20M (£15m) might be a more realistic expectation this time.
Much of the speculation this summer has centred on the future of Darwin Nunez, who looks set to be sold by Liverpool after failing to impress Slot last season. Napoli have shown interest in the Uruguayan, and with Saudi interest not materializing as yet, Liverpool may have to settle for a lower fee than they had initially hoped.
Liverpool head coach Arne Slot.
Liverpool head coach Arne Slot. (Image: Nikki Dyer - Liverpool FC via Getty Images)
A total package of around $69M (£50m) seems fair for a player who can be lethal in front of goal and is young enough to regain the form that persuaded Liverpool to sign him in the first place.
Federico Chiesa, another forward player, could be on his way out, with a return to Italy appearing probable. Despite not featuring under Slot, Liverpool are optimistic about fetching more than the fee they shelled out to Juventus last summer, with $20M (£15m) seeming reasonable for a player of his calibre.
The acquisition of Kerkez from Bournemouth has cast a shadow over Kostas Tsimikas' future at Anfield, with Leeds United previously showing interest in the Greek international. A valuation of around $14M (£10m) seems fitting for a player who has served the club admirably over the past five years.