Sky Sports reports that the Reds are not expected to sign any new players after having failed with a move for Fulham star Clint Dempsey.
Liverpool offered England international Jordan Henderson as part of the deal to sign Dempsey, but Fulham rejected the bid.
Liverpool were also linked with a move for Chelsea striker Daniel Sturridge.
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.