It's just about that time.
We are just days away from Christmas in August: the opening weekend of Barclays Premier League action.
Liverpool will have its gaze fixed upon Stoke, its opening fixture, but the Reds will also have one eye aimed towards the rest of Europe as they look to make a few more signings to complete their squad.
With certain pressing needs potentially limiting Liverpool's chances of earning a coveted Champions League position, manager Brendan Rodgers will need to make shrewd, intelligent signings if he hopes to push the Reds to the next level.
Here is a look at a few things the Reds will need to address if they hope to break into England's elite.
The retirement of the legendary Jamie Carragher left a gaping hole in the Liverpool back line.
While the 35-year-old Carragher certainly didn't have the pace he did in his younger days, the experience and leadership displayed by the longtime Liverpool servant was invaluable to the young Reds squad.
The signing of veteran Kolo Toure certainly will help in that department, but cover is still necessary for the likes of vice-captain Daniel Agger and Slovakian terminator Martin Skrtel.
One option is Kyriakos Papadopoulos, the hulking defender for both Schalke and Greece. Papadopolous has been linked with the Reds all summer, according to express.co.uk, but a move has yet to materialize.
Papadopoulos would provide yet another strong defender who would be able to deal with the physicality of the always rough Premier League. The Greek, although only 21, has already shown flashes of leadership, as evidenced by his telling off of Greek mainstay George Samaras at Euro 2012.
Another option that has been linked to Liverpool is young PSG defender Mamadou Sakho, who looks likely to leave the Parc des Princes this summer.
According to metro.co.uk, the 23-year-old French international is likely to move on after the French giants acquired Brazilian youngster Marquinhos from Roma.
Sakho has appeared for France 13 times in his young career, while also picking up a wealth of experience in the country's top flight with league winners PSG.
However, it appears that Liverpool are not the only ones in for the young defender, as they face competition from nouveau-riche Monaco, according to express.co.uk.
Anfield appears to be the more likely destination for the Frenchman, as the opportunity for playing time paired with PSG's reluctance to sell to a rival should provide incentive to all parties involved to move him across the English Channel.
Spaniard Jose Enrique has proven himself to be a very capable left back over the past few campaigns.
The 27-year-old Enrique has spent two seasons in red, racking up 78 appearances and two goals in all competitions.
However, manager Brendan Rodgers would like there to be some competition for Enrique's role in the starting XI, so a new signing seems imminent.
The odds-on-favorite appears to be Grenada's Guilherme Siqueira, according to a report from mirror.co.uk.
Siqueira's transfer is rumored to be "80 percent" certain according to reports, as Liverpool look likely to beat out rivals Everton.
Siqueira, who scored a now-famous Panenka against Barcelona, would bring a veteran presence, as the 27-year-old Brazilian has appeared for Granada 70 times over the past three years.
Liverpool are also looking at another Spanish league sensation, as Valencia's Aly Cissokho has been linked for most of the summer.
However, Cissokho's Liverpool story has already taken numerous twists and turns, as the deal has been on and off numerous times.
According to dailymail.co.uk, Brendan Rodgers has spoken out against the Cissokho deal, going as far as to say, "There’s nothing on the Cissokho story."
However, Cissokho informed French outlet Le 10 Sport that he had agreed to personal terms with the English club.
Liverpool found a real diamond in the rough with January's signing of Inter castoff Philippe Coutinho.
The young Brazilian took the Premier League by storm last campaign, as he contributed seven assists and three goals in only 12 games in red.
However, Rodgers is looking to splash the cash for another Brazilian maestro, as it looks like Liverpool's big summer move could be coming in the form of afro-sporting Anzhi star Willian.
The 25-year-old looks likely to leave Russia for around £30m, according to The Guardian, as Anzhi has transfer listed its entire squad in an attempt to cut costs.
Willian is certainly the type of player that could add a bit of playmaking flair to a Brendan Rodgers' side, as the former Shakhtar star is a phenomenal passer and dribbler.
If the signing of Willian doesn't pan out, Liverpool have also displayed interest in young Ajax star Christian Eriksen.
However, according to an express.co.uk report, the 21-year-old midfielder would only consider leaving the Dutch club for Champions League successes, which is something Liverpool can't offer in its current state.
"He will only leave Ajax to join a team that are automatically qualified for the Champions League and fighting for the title every season," said Eriksen's agent Martin Schoots in an interview with Tuttomercatoweb.
Look for LFC to go all in for Willian, as the Brazilian could be exactly what Liverpool needs to boost its Champions League ambitions.
Who do you think Liverpool should sign? Can the Reds bolster their squad enough to qualify for the Champions League? Have your say with a comment below or tweet @R_Tolmich with your ideal Liverpool signings!