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During the saga, Klopp pinpointed exactly why he would steer clear of spending such a substantial amount of money on a player who had already hit their prime - given that Ronaldo was 36 at the time - instead, sharing that he preferred to plan for the future with his signings.
When quizzed about Ronaldo by German media at the time, he said: "I watch that like a football supporter actually.
However, Ronaldo only lasted at the club for a year before his contract was terminated by mutual consent, and he joined Saudi Pro League outfit Al-Nassr in 2023.
Klopp's philosophy evidently paid off for the Reds in the long run, given that many players he signed during his early years at the club remain as a stable part of the Liverpool team headed into 2025/26.
And it appears as though Arne Slot is emulating Klopp's way of doing business.
Arne Slot has been wise with his signings(Image: PA)
The Dutchman, who has just enjoyed a Premier League-winning first season with Liverpool has wasted no time in making adjustments to his squad in the current transfer window.
Amid the departure of first-choice right-back, Trent Alexander-Arnold, Slot wasted no time in securing the services of Bayer Leverkusen's Jeremie Frimpong in a £29.5m move.
At just 24, the versatile star only looks to be getting better and better, and given he's under contract until 2028, Liverpool know that they have a reliable player who they can depend on for the next three seasons.
Meanwhile, Liverpool shattered their club-record transfer fee by also acquiring Florian Wirtz from Leverkusen earlier this month, in a deal thought to be worth up to around £116m.
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The German international is only 22 at present, and given that the deal is thought to run until 2030, it means that Liverpool will potentially benefit from the best years of the talent's career.
And should a European giant like Barcelona, Real Madrid or PSG come knocking in the years to come, it also means that Liverpool could see an incredible return on their investment - should they wish to sell him.