Liverpool will conduct a review on their transfer strategies after their 2014 summer has proved completely ineffective to date.

After Luis Suarez was sold to Barcelona for £75 million, the Reds spent over £100 million on eight new players last summer, including £16m on Mario Balotelli.

Sky Sports News HQ reporter Vinny O’Connor said: "There is talk today that Liverpool are going to have a full review of their transfer procedure; how their committee decides on transfer targets and how they go about bringing them in.

"Liverpool missed out on a big target in Alexis Sanchez last summer. His decision to go to Arsenal was a major hindrance in the club's transfer plans.

"They thought there was a deal to be done there, perhaps as part of the Suarez (deal) or separately, but it added to the list of recent failed signings along with Yevhen Konoplyanka, the Ukranian winger, and Mohamed Salah, who went to Chelsea."