Liverpool hardly need a rebuild, and could likely go again next season, qualifying for the Champions League and competing for major trophies, with just minimal investment.
But FSG are prepared to reward Arne Slot for winning the Premier League in his first year in charge by making a ferocious statement of intent in the market.
Richard Hughes and Arne Slot
Already, the Reds have signed Jeremie Frimpong to replace Trent Alexander-Arnold; Milos Kerkez and Florian Wirtz are in talks to follow.
But it's not just incomings on sporting director Richard Hughes' mind. Liverpool have a few potential high-profile exits to contend with.
Liverpool transfer exit news
Liverpool striker Darwin Nunez is expected to leave this summer, having been persistently linked with a move to the Saudi Pro League. La Liga giants Atletico Madrid have also shown an interest.
Liverpool striker Darwin Nunez
Having scored only seven times across all competitions for Slot's side, the 25-year-old would probably be best off wiping the slate clean and trying his hand elsewhere, especially since plans have been drawn up for a new number nine.
Though Nunez is tenacious and likeable, there's no doubt he's regressed in a Liverpool shirt over the past year, incongruous and ineffective as the frontman of Slot's set-up.
Darwin Nunez - Liverpool Career (all comps)
Season
24/25
23/24
22/23
Stats via Transfermarkt
On the note of players in need of a switch, Harvey Elliott has admitted on England U21 duty that he may need to leave Anfield this summer.
Elliott, 21, is a boyhood Liverpool supporter and a special creative talent, but his opportunities have been limited since Klopp departed, and a move away might be for the benefit of his career.
However, Liverpool may not just be selling those they wish to part with. Indeed, Luis Diaz is being mooted for a move to Saudi Arabia, and it might prove a bigger mistake than many are anticipating.
Why selling Luis Diaz would be a mistake
Liverpool acted swiftly to replace Sadio Mane with Diaz before their Senegalese legend had even left the club. In January 2022, FSG purchased Diaz from Porto in a deal, rising to £49m, and his predecessor stayed on until the end of the campaign.
When Liverpool sold Mane to Bayern Munich, however, they perhaps didn't grasp how out of kilter it would knock Klopp's side. The 2022/23 season sits as an infamous outlier across the illustrious span of Klopp's tenure, a dark and permanent blot on his copybook.
Sadio Mane Liverpool graphic
Though Mane objectively reached a higher level of quality than Diaz, the Colombian is still one of the most important parts of Slot's system, and he's just come off his most productive campaign too, having posted 17 goals and eight assists across 50 appearances.
Regarded as a "world-class player" in the view of his former German boss, at least, Diaz's unique value for Slot has been further underscored by his regular deployment as a false nine, combating an absence of reliable central striking options.
Diaz might be happy at Liverpool, but the riches of the Saudi Pro League could tempt him to pack up and leave off the back of winning the Premier League.
According to Foot Mercato, talks appear to have already begun, with Al-Hilal having established contacts with the 28-year-old as they sound out a bid.
Liverpool forward Luis Diaz
Liverpool were warned that losing the "irreplaceable" Mane would "knock them sideways" by former star Dean Saunders in 2022, and this proved to be the case - in the short term, at least.
Diaz has done a rather good job in the years since, now a Carabao Cup and Premier League champion in the seasons since Mane's departure.
Given the need to make numerous signings this summer, maybe Liverpool would be better off warding away interest in their dynamic left winger.
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