Jamie Carragher hopes Liverpool invest in players that will go straight into the starting XI rather than players that will simply expand the squad.
The Reds finished last season in fourth position to claim the final Champions League spot on the final day but they were still 17 points adrift of champions Chelsea.
And Carragher is convinced the current starting line-up can compete with any side but admits the squad was stretched at times last season.
“The actual team, the XI, could go up against anyone – we saw that in the big games with some great results in those games,” Carragher told the club’s official website.
“But over the season, especially around Christmas and January, it was evident that the squad wasn’t big enough or strong enough. That needs adding to.
“But rather than just adding players to the squad, you want to add players to the team. If you add three or four players and they go straight into the first XI, three or four of those who were playing week in, week out last season go to the bench.
“It makes the bench a lot stronger and your team a lot stronger. It’s not just numbers.
“It’s about getting the right quality that can go straight into the team.”