Liverpool boss Brendan Rodgers has cash to spend

Brendan Rodgers is still looking at what's available. Photo: PA

Liverpool manager Brendan Rodgers admits he still has money to spend in the remainder of the transfer window but has no intention of wasting it on unnecessary impulse buys.

Rodgers has already signed four players - at an estimated cost of £25million - and while his greatest challenge will be holding on to striker Luis Suarez there is still the scope for further strengthening in addition to reacting to anything that happens with the Uruguay international.

But, as he has said before, he will not bring in players just to be seen to be active in the market.

"They have to be of the right quality, that's the bottom line," he said.

"We've got money to spend on getting that quality in but if it's not available I won't waste it for the sake of bringing a player in.

"We're really working hard to bring in the type of profile that can really help us push on.

Rodgers is more than happy with the quartet he has already signed, having brought in Sunderland goalkeeper Simon Mignolet, Manchester City defender Kolo Toure, Celta Vigo's Iago Aspas and Sevilla's Luis Alberto.

"All of the new boys have settled in really well," he told LFC TV.

"Simon Mignolet has been first-class. He has shown that he is one of the top young goalkeepers in European football.

I think he will prove over the next coming years at Liverpool that he is a top goalkeeper.

"Kolo Toure speaks for himself - his experience and his fitness has been first-class since he came in and he's a really good man.

"That was the idea of bringing him in, because of his winning mentality and his personality.

"Iago has settled in well and got a few goals in pre-season, which is great for his confidence. He's a livewire in and around the box.

"Luis Alberto is obviously still young but has shown the qualities, technically, and has got a strong mentality.

"I think we can see early on that he can end up being a very good player for Liverpool."

Rodgers is also keen to inject a youthful element into the squad and having given 18-year-old Raheem Sterling a lengthy run last season there is a chance Jordon Ibe, 17, will also be handed an opportunity having made his senior debut on the final day of last season.

"Some of the young players have been brilliant on the (pre-season) trip, the likes of young Raheem Sterling," said the Reds boss.

"He has reminded me of what he was last summer, but he has got a little bit more personality now he has had a year's experience. At 18, he has looked really good.

"Young Jordon Ibe, for 17 years of age, the talk before we came over was that he might need to get experience at a lower level just to get used to playing in front of crowds.

"Well, he's not going to play in front of many more than 83,000 and 95,000 so we come back knowing he can play in front of crowds.

"The players have the opportunity every single day to show that desire to be in the team.

"There's always room there for people to force their way into the team.

"We finished strongly at the end of last season and it's important to build on that. It's a team that's improving and progressing, but still always with room to improve."

There is no doubt the loss of Suarez - for whom Arsenal have had two bids rejected - would be a setback, as captain Steven Gerrard admits.

"Where we sit actually right now (outside the top four), it all depends on what decision Luis Suarez makes in the next few weeks. If we lose him then the challenge becomes even more difficult. It's that simple," he told The Independent.

"If he goes to Arsenal, it obviously makes our season that little bit more difficult.

"It strengthens them an awful lot and they are our rivals for a top-four position. From the club's point of view it doesn't make sense at all, no matter how much money is put on the table.

"If he was to go abroad to a Madrid or Barcelona I would totally understand it. He's a South American. He's good enough to play in either of those teams.

"If I was him I would wait for one of those two clubs because I think he's good enough to play for them."

Gerrard, who had his own doubts about remaining at Anfield when Chelsea twice came calling, admits he has been trying his best to persuade Suarez to stay.

"I've spoken to Luis loads and of course I'm trying to get him to stay," he told the Liverpool Echo.

"We will have to wait and see if I have any joy.

It's a difficult one from a team-mate's perspective as you've got to show a player respect.

"Luis is his own guy and makes his own decisions. But Luis Suarez knows what I want him to do, don't worry about that."