Liverpool manager Jurgen Klopp has confirmed that the Reds won’t be taking any risks on transfers, despite rivals Chelsea spending big on new signings.

The impact of the global health crisis on finances means there is no certainty on the amount of revenue that clubs will be bringing in this year, and Klopp says this is having an impact on most clubs who, unlike Chelsea, are being more careful in the transfer market:

“Due to COVID-19 you have to think five times about what you can and what you can’t do. We always have to pay attention to the financial aspect. We don’t know how much money will come in. Nobody knows but it seems like some other teams have a more positive outlook on the future… if you look at Chelsea for example [laughs]. But I am very happy with my team right now. If something transfer related will happen we have to see.”

It’s a difficult balancing act. FSG have always been conservative when it comes to spending, with the Merseyside club generally signing players based on what they recoup from sales.

However, with other teams splashing the cash, Liverpool are at risk of standing still and allowing rivals to catch up with them. Although the German is clearly happy with his squad, he would no doubt prefer to have at least one or two new faces coming in through the door this summer.