Liverpool boss Arne Slot has previously dismissed fears over summer spending after the club posted a loss of £57million from last season's accounts.
The Reds announced the eye-opening figures on Friday after being hit by the impact of not being in the Champions League last season, which saw their media revenue fall by £38m to £204m.
Liverpool did see their commercial revenue rise by £36m to £308m as they finished third and won the Carabao Cup, but still were unable to achieve a profit.
The club made only one signing this season as Federico Chiesa arrived from Juventus for around £10m and there have now been concerns over Liverpool's ability to splash the cash this summer after posting huge losses.
However, Liverpool are not at risk of breaching the Premier League's PSR regulations and will still be able to invest in the squad at the end of the season, especially with the likelihood that at least one of Mohamed Salah, Virgil van Dijk and Trent Alexander-Arnold will leave the club.
After being asked about Liverpool's transfer plans to spend this summer at his press conference ahead of last weekend's game against Manchester City, Slot insisted the club would invest more than they did this season after identifying the areas they want to strengthen.
"We are looking at every single position and we are looking at the team," the Dutchman said. "We said this many times last summer, we didn't do a lot because we – Richard [Hughes, Liverpool’s sporting director], me and all the other people involved – just wanted to know how these players were working with me, the different manager.
"Now we have a very good idea about that, and I think it's clear to you that I'm not going to tell you which positions we prefer, but it is clear that we've assessed the squad, we've assessed what we think where we can improve, and that's where we try to go for in the summer."
There should be a much more improved situation for Liverpool's finances next year, should they hold onto their lead at the top of the Premier League and go far in the Champions League.
Slot admitted the club faced a crucial period coming up as they bid to finish the season with as much silverware as possible and hope to secure the futures of Salah, Van Dijk and Alexander-Arnold.
"It's quite an important two or three months to go," he said. "And we have some contract situations to take care of, so there's a lot of work to do in the background, but my main focus is on the current squad."