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Liverpool is no longer in the Champions League. The big question is for how long that statement will hold true.

But there is a very real fear that qualification will not materialize, which poses all sorts of questions. One of those relates to transfer activity, with concerns over whether potential targets will still want to come to Anfield without Champions League football on offer.



Among them are Real Madrid, and potentially even all of whom learned their Champions League last-eight fates today.



Liverpool.com says: The route for the less-fancied teams should make for an intriguing conclusion to this season's Champions League.



Champions League finalists in three of the last five years, the Anfield outfield has long outstripped its rudderless rival.