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Once that's confirmed, focus will shift to the next season, with potential blockbuster signings on the horizon.
Several key Liverpool players, including Mohamed Salah, Virgil van Dijk and Trent Alexander-Arnold, are all out of contract this summer.
The Reds remain hopeful of keeping hold of Salah and Van Dijk, but Alexander-Arnold is widely expected to join Real Madrid - a major European rival - on a free transfer.
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Liverpool has frequently been linked with Bayer Leverkusen's Jeremie Frimpong, who could be brought in as a replacement.
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Liverpool has been linked with a move for Milos Kerkez.
Additionally, Bournemouth's standout left-back Milos Kerkez has been linked with a switch to Anfield following his impressive performances on the South Coast.
The future of Virgil van Dijk is another hot topic, as he approaches the end of his contract at Anfield
If this happens, he would form an impressive goal-scoring duo with Salah, who Liverpool is still hopeful of retaining at Anfield.
Potential Liverpool XI: Alisson; Jeremie Frimpong, Pedro Hincapie, Milos Kerkez; Ryan Gravenberch, Alexis Mac Allister, Dominik Szoboszlai; Mohamed Salah, Antoine Semenyo, Harry Kane