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Former Liverpool winger Stewart Downing has warned that spending big money is no guarantee of success— though the Reds have not splashed any more than their rivals in this window.

Quietly, and with less attention on them, Manchester United and Arsenal have been just as bold when it comes to splashing the cash, and Manchester City even more so when including the January figures.

While Liverpool smashed its transfer record to sign Florian Wirtz and could yet return with another bid for Alexander Isak, it has brought in a lot of money in sales.

"Obviously, they've spent a lot of money and because of that, the first thing you think is because of that, they’ve got to win the league.

"They won the league last season without spending anything, though, so it’s not always the case.

"I'm actually glad Liverpool won it the way they did last season, not spending £200-300 million.

I don't think anyone expected Liverpool to win the league last season.

"There was a bit of stick with the owners from the fans because they’d not signed anybody

But it just shows that sometimes it's not all about spending money."

While Liverpool will not spend money for the sake of it, signing Isak — valued at as much as $200 million (£150 million) by Newcastle — would be transformational for Slot's attack

If Federico Chiesa leaves, which is still a possibility, then only Mohamed Salah and Cody Gakpo will still be at Anfield of the six senior attackers that Liverpool had on its books last season
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