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After a quiet first two transfer windows with the club, Arne Slot has been given money to spend this time around.
The Reds boss is looking to strengthen his squad ahead of a defence of the Premier League title.
On Friday evening Florian Wirtz became the third permanent signing of the window.
The German international completed a transfer worth up to £116 million.
His transfer is set to be announced later this week.
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As one comes in, another player could leave the club this week.
Liverpool have reached an agreement with Bayer Leverkusen over the permanent transfer of Jarell Quansah.
The deal is worth a potential £35 million.
The 21-year-old is close to completing a season-long loan to League Two side Crawley Town.
Moving from exits back to incomings, this is probably the most unlikely deal to go through this week, but Liverpool have been linked with an interest in Crystal Palace centre-back Marc Guehi.
The sale of Quansah could potentially speed up any moves, with Palace closing in on Sporting’s Ousmane Diomande as a replacement.
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The speed that deal is completed could impact on the speed that any deal for Guehi may be completed.