Brendan Rodgers has revealed that Liverpool will use the funds from the sale of Luis Suarez in making "strategic signings."
The Uruguayan international completed his move to Barcelona this month for a fee believed to be around £75m. The former Ajax man's departure has helped the Reds raise funds in order to strengthen the squad in the ongoing transfer window to challenge for the title and compete in the Champions League next season.
The Merseyside club has so far completed deals for Adam Lallana, Rickie Lambert, Emre Can and Lazar Markovic. The former Swansea boss says his side will bring in those players who can contribute to the squad and he is not willing to add a big name this summer.
"Our signings are strategic signings. They are not just names. They must all fit into the purpose of the team but, of course, we want them to make a contribution. If that means we do not spend all the money or the net spend is the same then so be it," Rodgers explained.
"The character is important. It is not just about the player but the right type of person. I want players that are committed to the cause to make Liverpool the best they can be."
"I want players resting when they should be resting, training hard and working hard and focusing on their life as footballers."
"The types we have brought in are those types, as well as those we already have in the squad who have been brilliant. It is footballing qualities and also human qualities we want," he added.
Meanwhile, Rodgers is determined that Liverpool will not spend big in making signings in the summer transfer window.
"If clubs sense there is an opportunity to get more out of us, it won't happen. We are very unified in how we work in that way. We have a value for a player and most clubs have been sensible," the Liverpool manager said.
"There has been a lot of work. There's hardly been a break for the staff over the off season, flying through Europe, speaking with players and looking at targets."
"But generally the prices we've paid was the value we put on them. I would not want the club to pay more than a value just to get someone in," Rodgers concluded.