Schalke are to hold contract extension talks with Klaas-Jan Huntelaar in an effort to avoid losing him as a free agent.
Celtic manager Ronny Deila claims loan star John Guidetti has the potential to become a club 'legend'.
The Reds' owners, Fenway Sports Group, have placed plenty of emphasis on the acquisition of young talent since sweeping into the Anfield boardroom.
Keeping one eye on the future is no bad thing, providing the present is also catered for.
Senior stars such as Steven Gerrard and Luis Suarez have queried of late as to whether that has been the case and Rodgers admits the pair have a point, with it important to find the right mix of youth and experience.
He said: "I have got a terrific relationship with the guys there (FSG).
"I will always do in my role what I think is best for the team and club. That is all I can do. It's not my money and not my club. I'm here to manage the group and, hopefully, we will get the players in to take us forward.
"I have got no complaints with the owners. They allow me to work and work well. If you ask any manager, they will always look for a young player that they can develop. But there are certain times when you need that experience.
"Look at (Robin) van Persie as the example. If you bring him in at 29, there is absolutely no question that he reinvigorates Ryan Giggs, Rio Ferdinand and Paul Scholes. He also gives the young players something too.
"If we bring in an experienced player of the right quality, there would be no question of Steven Gerrard getting a boost from it; Luis Suarez, Daniel Agger and the young players would feed off it. That is the importance. If you are going to be up there fighting for titles, you need the right blend."
Rodgers has been linked with an approach for Inter Milan playmaker Wesley Sneijder, a man with Champions League and international experience aplenty, and he admits there is money to spend.
He added: "We have got money that can be reinvested back into the team.
"We are just looking for the right players who fit the profile we want. It is going to take time. But I will certainly always say what I feel is right for the team."