Kenny Dalglish insists Liverpool are not looking to bring in any new players before the end of the current transfer window.
The Reds spent over £50m on Luis Suarez and Andy Carroll 12 months ago but Dalglish is adamant the club are not in the market for any additional players this time around.
"There'll be nothing happening here in the transfer window, in or out," Dalglish told the official Liverpool Web site. "There's no need to ask any questions about transfers or speculation or anything else."
Earlier this week, Liverpool managing director Ian Ayre admitted the club's American owners were prepared to make funds available to Dalglish should the right players become available.
"Money is not an issue," Ayre told Sky Sports News. "If we need somebody and there's a player I think our owners have shown the level of commitment you would expect from a good ownership group that the manager will get supported whatever he needs.
"But that's not the same as saying we will just go spend money because we have got it or just because we can."
However, Dalglish remains confident his current squad are more than capable of challenging for a top-four finish this season.
Liverpool remain in contention for two trophies after back-to-back victories over Manchester rivals City and United.
The Reds reached the Carling Cup final courtesy of Wednesday's aggregate victory over City and followed it up with a 2-1 win over United in the FA Cup fourth round.
With no new arrivals in January, Dalglish is expected to look ahead to the summer transfer window before identifying any new talent, a position backed up by Ayre.
"It is about the long-term plan of where they want the squad and where they want the team to be, that's not about any particular transfer window it's about continuing to improve," he added.
"If an opportunity presents itself I am sure we will look at it, but right now it's about keeping going and improving and getting the best out of what we have got.
"We have got some great players in a great squad of players and they are focused on pushing that forward."