Liverpool manager Brendan Rodgers says the club are pursing a number of deals ahead of the January transfer window but has denied rumoured deals for Cristian Tello and Mohamed Salah are on the brink of completion.
Tello has been heavily linked with a loan move from Barcelona until the end of the season while Salah, the FC Basel winger, is understood to be on the verge of securing a five-year deal with The Reds.
But Rodgers says Liverpool are no closer to announcing their first signing but admits the club's recruitment team continue to work on new players.
Rodgers said: "I'm sure that will be the start of it (transfer talk), and I'm sure there will be plenty more!
"But there's nothing to add on anything with regard to players coming in. There's nothing imminent.
"Obviously the recruitment team are busy putting things together in terms of the profile of players we need here to improve the team and the squad.
"The owners have invested millions upon millions into the team and every window we arrive in looking to improve where we can. This window will be no different."
Successive defeats over the festive period to Manchester City and Chelsea saw Liverpool relinquish their place at the Premier League summit and slip to fifth, six points adrift of leaders Arsenal.
Despite being linked with a series of attacking players, having conceded more goals than any of the current top six, Liverpool have suffered a number of defensive problems and mistakes from goalkeeper Simon Mignolet contributed to losing their lead at the top.
Martin Skrtel, Daniel Agger, Mamadou Sakho and Kolo Toure have been rotated in the centre of defence for much of the season and many of Liverpool's issues at the back have been down to a lack of continuity in selection.
The lose of Jose Enrique until the New Year has forced Rodgers to shuffle his pack and the North Irishman will require more consistent selection at the back to secure a top four finish.