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The summer transfer window will force the Reds to make some decisions on what their squad will look like for next season, at the very least.
Liverpool will go into next season as the defending Premier League champions and will want to ensure they are in the best position possible to defend their crown.
Not to mention, the Reds will also want to have an improved campaign in the Champions League, as well as enjoy success in the domestic cup competitions.
Arne Slot will now be looking ahead to the 2025/26 season, and sporting director Richard Hughes will be working hard behind the scenes to bring in new signings ahead of the summer transfer window.
Here, the ECHO looks at the transfers we would make if we were in a position of power at Liverpool...
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Squad rebuild
The summer transfer window is fast approaching and Liverpool are already being linked with several potential new signings.
The £125m-rated Florian Wirtz, £30m Jeremie Frimpong and £45m Milos Kerkez are the three players who seem the most likely to become Liverpool players ahead of next season.
There have also been rumours that Eintracht Frankfurt striker Hugo Ekitike could be a player of interest to the Reds this summer.
Liverpool have also been rumoured to be in the market for a new centre-back and midfielder this summer.
The possibility of new signings has also led to speculation some members of the squad could depart.
All the signs point towards plenty of changes being made to the Liverpool squad this summer.
From the Reds' point of view, they will hope the new additions will make the squad even stronger to challenge on multiple fronts next term.
Vice-captain decision
Now that Trent Alexander-Arnold has played his last match for the club, Liverpool will have some key decisions to make.