Liverpool Summer Transfer Window 2024 Analysis: Strategies, needs, areas for improvement and financial Capabilities
Liverpool’s Performance in 2023/24 Season and Key Areas for Improvement
The 2023-24 season marked Liverpool’s 132nd year in football featuring highs and lows. In the previous season, Liverpool were competing in the Europa League for the first time since 2015-16 as the Reds secured a 5th-place finish in the Premier League in the 2022/23 season. This eventually also turned out to be the German coach’s last season as Liverpool manager.
Jurgen Klopp’s last season as manager saw Liverpool win the EFL Cup against Chelsea but they struggled in other competitions, especially with a poor run in March and April.
The season was a mix of brilliant wins and disappointing losses. The 4-1 victory against Chelsea was a highlight showcasing Liverpool’s attacking strength and tactical prowess. However, the Merseyside Derby against Everton was a low point exposing the team’s vulnerabilities and inconsistency.
Overall, Liverpool’s performance highlighted the need for tactical flexibility, mental toughness, squad depth, and consistency. Addressing these issues will be crucial for their future success.
In terms of player positions the priority positions for the club should be a defender and a midfielder. Adding more depth will definitely give some good options to their new manager Arne Slot.
With Michael Edwards at the helm, the club’s transfer strategy is focused on building a balanced, competitive squad for both short-term success and long-term growth. By addressing key areas in defense, midfield, and attack, and improving bench depth, Liverpool aims to return stronger next season and continue their pursuit of glory.
Transfer Strategy
Liverpool’s transfer strategy under the guidance of Michael Edwards (the newly reappointed CEO of Football) is both ambitious and strategic. Edwards is the one who played a significant role in Liverpool’s past successes and is known for his smart transfer decisions. His influence is expected to shape Liverpool’s short-term and long-term goals focusing on building a balanced and competitive squad.
The strategy includes targeting young dynamic players who can contribute immediately and grow with the team. This aligns with Liverpool’s goal of maintaining competitiveness in the short term while building a strong foundation for the future. By focusing on both immediate needs and potential future stars Liverpool aims to remain at the top of English football.
Squad Needs and Areas of Improvement
Defense
Liverpool’s defense needs strengthening despite having several center-backs. The team requires a left-footed centre-back to complement Virgil van Dijk. Potential targets include Leny Yoro, Lutsharel Geertruida, and William Pacho, all are capable of progressing the ball from the back. Improving the defense is crucial to prevent lapses seen in key matches this season.
Midfield
The midfield also needs an overhaul. Currently, Liverpool lacks a dynamic, young number six. Adding a robust midfielder to partner with the existing talents is essential. Players like Teun Koopmeiners, Mats Wieffer, Alan Varela, and Ederson have been identified as potential signings. Wieffer, in particular, could fit well in a double-pivot system, providing both defensive solidity and creative support.
Attack
While the attack is less of an immediate concern, potential additions could enhance the team’s depth and versatility. Nico Williams, Khvicha Kvaratskhelia, Santiago Gimenez, and Crysencio Summerville are possible targets who could bring fresh attacking options. However, unless there are significant departures, this area is not a priority.
Bench Depth
Improving bench depth is another key area. Having quality substitutes can make a difference in maintaining performance levels throughout the season. Strengthening all positions will ensure that Liverpool can cope with injuries and fatigue, providing a boost during crucial moments in the season.
Potential Signings and Top Transfer Targets
| Liverpool Transfer Targets | Current Club | Estimated Fee |
| Leny Yoro | LOSC Lille | €50m |
| Nico Williams | Athletic Bilbao | €60m |
| Khvicha Kvaratskhelia | Napoli | €80m |
| Lutsharel Geertruida | Feyenoord | €32m |
| Santiago Gimenez | Feyenoord | €40m |
| Teun Koopmeiners | Atalanta | €50m |
Leny Yoro
Liverpool are looking to strengthen their defense after Joel Matip’s departure. With Ibrahima Konate’s injury issues and Virgil van Dijk turning 33, they need fresh talent at the back. Leny Yoro the 18-year-old standout from Lille is one of their top targets. Yoro had an impressive breakout season in Ligue 1 and is regarded as one of the best young defenders in the world. Lille has set a price of £50 million, but with only a year left on his contract, Liverpool might secure him for less. Competition for Yoro will be fierce, with Real Madrid and Manchester United also interested.
Nico Williams
With Luis Diaz possibly leaving Anfield, Liverpool need a new winger. Nico Williams from Athletic Bilbao is on their radar. Williams had a stellar season in La Liga, scoring five goals and providing eleven assists, helping Bilbao to their first silverware in 40 years. Known for his exceptional dribbling skills, Williams can play on both the left and right wings. He has a £43 million release clause, making him an attractive option. However, his high wages and loyalty to Bilbao, who will play in the Champions League next season, could be obstacles.
Khvicha Kvaratskhelia
A potential blockbuster signing for Liverpool could be Khvicha Kvaratskhelia from Napoli. Despite Napoli’s poor season, Kvaratskhelia performed consistently, scoring eleven goals and providing six assists. The 23-year-old Georgian winger is a dynamic player who can beat defenders one-on-one and deliver with both feet. Liverpool have reportedly contacted Napoli about a possible move. With Napoli needing to sell a major asset after missing out on European football, Kvaratskhelia could be a key target if Diaz leaves.
Lutsharel Geertruida
Dutch defender Lutsharel Geertruida, who played under new Liverpool manager Arne Slot at Feyenoord, is another target. Geertruida, 23, can play anywhere in defense and even push up into midfield, making him a versatile addition. He scored six goals and provided several assists in the 2023/24 season. His familiarity with Slot’s methods could help him quickly adapt to Liverpool’s system. Joining van Dijk and Cody Gakpo, Geertruida would add to the growing Dutch contingent at Liverpool.
Santiago Gimenez
Mexican striker Santiago Gimenez from Feyenoord is another potential addition. Gimenez had an outstanding season, averaging 0.8 goals per game. With Darwin Nunez’s future at Liverpool uncertain and Barcelona reportedly interested in him, Gimenez could be a perfect replacement. Scoring 18 goals and providing 13 assists in the 2023/24 season, Gimenez has proven his ability to perform at a high level. If Nunez departs, Gimenez would be a logical and exciting replacement.
Teun Koopmeiners
Dutch midfielder Teun Koopmeiners, who impressed against Liverpool in the Europa League quarter-finals, is another key target. Koopmeiners had a great season at Atalanta, scoring twelve goals and providing six assists. He is versatile and capable of playing both in an advanced creative role and a deeper, more disciplined position. Having previously worked with Arne Slot at AZ Alkmaar, Koopmeiners would be a good fit for Liverpool’s midfield. However, Liverpool will need to act fast, as Juventus are preparing a £50 million bid for the Netherlands international.
Financial Capabilities
As the 2024 summer transfer window approaches Liverpool finds itself in a strong financial position ready to make significant moves. This optimism comes at a time when many Premier League clubs are cautious due to Financial Fair Play (FFP) regulations and recent penalties faced by clubs like Everton and Nottingham Forest for breaching Profit and Sustainability Rules.
Football finance expert Dr. Dan Plumley from Sheffield Hallam University believes Liverpool are in a healthier state compared to most of their rivals.
Budget Overview
Liverpool’s financial health allows them to spend big if necessary. Despite criticisms from fans regarding perceived frugality in the transfer market, the club has a history of making substantial investments when needed. Key signings such as Virgil van Dijk for £75 million, Alisson Becker for £67 million, and Dominik Szoboszlai for £60 million demonstrate Liverpool’s willingness to spend on crucial positions.
Financial Fair Play (FFP)
While FFP regulations have tightened Liverpool have managed to stay compliant avoiding the pitfalls that have trapped other clubs. Dr. Plumley points out that both Liverpool and Arsenal are in good standing against current regulations giving them a competitive edge in the transfer market. This responsible financial management means Liverpool can pursue significant signings without risking penalties or long-term financial instability.
Strategic Spending
Liverpool’s transfer strategy has been to invest wisely rather than spending recklessly. This approach contrasts sharply with clubs like Chelsea and Manchester United who have spent large sums without always achieving the desired results. Liverpool’s measured spending has helped maintain financial stability while still allowing for necessary squad improvements.