Roy Hodgson only managed to strengthen his defence on the final day of the transfer window after sealing a deal with former club Fulham for Paul Konchesky.
Konchesky has signed a four-year contract at Anfield for an undisclosed fee, with young Finnish forward Lauri Dalla Valle and Alex Kacaniklic moving in the other direction as part of the deal.
The move for a new left-back became particularly vital after Emiliano Insua sealed a one-year switch to Galatasaray on loan.
Hodgson also managed to bring two new youngsters to Anfield, signing Suso from FC Cadiz on a scholarship agreement, subject to international clearance, and Adam Hadju from MTK Budapest on a temporary agreement until June 2011.
However, Hodgson was left frustrated after failing to complete the capture of Carlton Cole from West Ham.
The two clubs were unable to agree on a fee for the England international, with reports suggesting that Liverpool were not prepared to match West Ham’s £10m valuation.
As a last resort they even attempted to include Ryan Babel as part of the transaction, but West Ham boss Avram Grant still refused to budge.
Liverpool are 13/8 to reclaim their position in the top four of the Premier League this season, but look light in the striking department.
Fernando Torres and David N’Gog are the only main options, although Dirk Kuyt, Milan Jovanovic and Babel could play there if required.
Hodgson had also been linked with numerous other strikers before the window closed, but was unable to reach an agreement with Bayern Munich over Mario Gomez and PSV’s Ola Toivonen was another to be priced out of his reach.
Liverpool are 18/1 to win the Premeir League for the first time. See the entire market.