Liverpool legend Steve Nicol believes the addition of Loic Remy and the offloading of Fabio Borini in the summer transfer window will be great for the Reds.
The French international's impressive loan spell at Newcastle United from Queens Park Rangers during the last season saw him attract interest from several Premier League clubs. North London clubs Arsenal and Tottenham Hotspur were keen on signing him, but the Reds are reportedly closing in on a deal for the striker.
In addition to this, the Merseyside club's forward Fabio Borini is set to complete a permanent transfer to Sunderland, after spending the last season on loan at the Stadium of Light.
The former Liverpool defender has hailed Brendan Rodgers for his decision to offload players who are unlikely to get more playing time next season.
"Liverpool are getting rid of a player who's not going to play and getting someone who has scored 14 goals in 26 games for Newcastle. You would like to think he is guaranteed to get more chances when he plays for Liverpool," Nicol told talkSPORT.
"He [Remy] has shown he knows where the net is. He is also a proven goalscorer in the Premier League. That is what is great about it."
"We would all love to see Liverpool spend another £20-£30 million but there are not many [of those players] available and it is just not Liverpool's transfer policy."
"When you sign a player who is proven, particularly when it comes to putting the ball in the back of net, that is a good thing," he added.
The Anfield club have completed four signings, having added Rickie Lambert, Adam Lallana, Emre Can and Lazar Markovic. Nicol has backed Can and the Serbian winger to achieve great success at Liverpool.
"I think they have done pretty well. I'm excited about Can and Markovic. They look like the type of players Brendan Rodgers wants to have," the former Liverpool defender said.
"They look to go forward, they like to play at pace. That is where Liverpool killed teams last season. The pace of their attack, and the way they played, really wore teams down and caught them on the hop. I think those two guys will be great signings."