The Reds enjoyed a stunning campaign last term, rising from seventh in Brendan Rodgers' first season in charge to second place last season, though the summer has still been tinged with a sense of disappointment after a spectacular collapse at Crystal Palace cost Liverpool their first ever Premier League title.
Expectations around Anfield have increased massively with Champions League football returning to Merseyside, and new signings such as Dejan Lovren, Emre Can, Lazar Markovic, Adam Lallana and Rickie Lambert should certainly aid the club's cause this season.
Rodgers will be hoping to mount another title challenge, but what question to Liverpool have to answer in order to win the Premier League this season?
Who will fill the Luis Suarez-shaped hole in Liverpool's attack?
The big deal of the summer was Barcelona's £75m swoop for Liverpool striker Luis Suarez – a huge blow for the Reds after the Uruguayan hit 31 goals last season. Having been so integral in Liverpool's title challenge last season, it's now imperative that Liverpool find a replacement for the former Ajax star.
Rodgers has already spent around £50m on attacking reinforcements in the form of Markovic, Lallana and Lambert, with the trio combining for exactly 31 goals in all competitions last season – the same number as Suarez did on his own.
Daniel Sturridge and Raheem Sterling will both be counted upon heavily after last season's exploits, but there are still concerns that there isn't a world class striker at the club in Suarez's place. The likes of Edinson Cavani and Wilfried Bony have been linked with moves to the club, and with money to spend, there could yet be another addition.
However, with the current crop of players, there have to be concerns that Liverpool could end up like Tottenham last season – quantity brought in to replace a star (Gareth Bale, in Spurs' case) rather than quality – and with a European campaign on the horizon, someone needs to step up to the plate in Suarez's absence.