Liverpool miss out on deal for £39m star as Euro giants close in on agreement

However, finding Premier League proven players who can fit straight into Slot's plans is extremely tough which is why Ben Jacobs' latest update about Wolves' Joao Gomes, who has recently been linked with a Liverpool move, isn't something that the Reds' fans will want to hear.

"Exclusive: Atletico Madrid now close to a deal for Wolves midfielder Joao Gomes," he wrote via his personal X account.

"Parties, via intermediaries, are in advanced talks and are nearing a verbal agreement worth around €45m.

"Atleti still also have verbal terms in place with Ederson but no agreement with Atalanta opening the door to Premier League clubs with both Manchester United and Arsenal showing interest."

Liverpool must quickly figure out who they want to sign this summer

With the summer transfer window now just around the corner, decision-making time is upon Liverpool.

Although they may be one of the biggest teams in the Premier League, the fact that they spent over £450 million last summer means that their transfer war chest will be a tad smaller this time around.

However, it feels like they need to endure an even bigger rebuild than last summer, especially since they're only just in the Champions League places.

Several players have already been linked with moves to L4 but, it's going to be hard for the Anfield outfit to get every single one over the line.

This means that they need to be smart with their decision-making and ensure that every transfer they get over the line is worthwhile.

A deal for Gomes may now be off the table, but, that doesn't mean that there aren't other players out there who could do just as good of a job.

Here's hoping that Slot and Hughes don't hold off for too long, otherwise, they could be scrambling to improve their ranks by the end of the summer window.