Liverpool told which Premier League team had better transfer window than Reds
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However, Nevin suggests that Chelsea's more calculated recruitment strategy - focusing on young prospects with solid resale value - is a smarter long-term move, and one that could reap greater rewards than Liverpool's high-stakes spending.
He also cautioned that if expensive acquisitions like Isak don't perform, the Reds will not only be left with an underperforming, highly-paid player, they'll also find it difficult to offload him, especially at a profit.
"Isak is someone I can see Chelsea potentially going for, but if you're spending £125 million (£169.4 million), you're not making a profit if you sell in four years," Nevin told Mirror Football.
"Isak would do the job for you, but Chelsea don't look at it that way.
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That's not the model."
Nevin, who spent five years as a player at Stamford Bridge, went on to suggest that Liverpool might have overpaid for its marquee summer signings - particularly when compared to the players Chelsea secured in the same positions.
"The club have brought Joao Pedro in for half the price of Isak.
Is Isak really twice the player that Joao Pedro is.
"He's a fabulous player, he's probably better than Joao Pedro at the moment, but if you're looking at smart money, then Chelsea have got the better deal.
"Chelsea would have made back that Joao Pedro money from the sales they've made this summer and from the Club World Cup as well
Don't get me wrong, Chelsea have spent a lot of money, but they've recouped that money as well.
"Chelsea are right amongst the top when it comes to spending over the past few years, but they would say they've been sensible