They have plenty of time to decide however, and one person whom will be a catalyst in the answer to that question, is Roy Hodgson. The Liverpool manager has been promised a substantial amount of money to spend in the January, and summer transfer windows. He will have £30 million to spend in each period, and those keen mathematicians will have already worked out that this totals £60 million - a sum that the previous Liverpool manager, Rafael Benitez could only have dreamed of under the previous owners.
Hodgson is already reported to have identified a couple of player that could dig Liverpool out of the mess that they currently find themselves in.
Chris Brunt of West Brom is a rather surprising rumour that is circulating. The Irish winger is very versatile and has been a big player for his current club, inspiring his team to a shock win against Arsenal this season, and generally being a source of many goals in the newly promoted team. He is able to play on both wings as well as playing just behind the striker, and it may be this versatility that has caught Hodgsons eye.
Being Albion's best player this season, they will be looking for around £9 million for him, a sum that Liverpool can now easily afford.
The other player that Hodgson is monitoring is the Portugese left wing-back, Fabio Coentrao. He impressed in the World Cup for his native Portugal - delivering excellent crosses for Cristiano Ronaldo, and being a big threat throughout the tournament. He caught the eye of Carlo Ancelotti too, and that summer, Chelsea were reportedly interested, but no deal materialised. The Benfica man will probably cost more than Brunt, but a player of his quality, of which he displayed in the World Cup would be welcomed with open arms at Andield, as the team are in dire need of some pace and creativity.
Hodgson does not have great support from the Liverpool fans, as some are calling for him to be sacked already, so his activity in the transfer market will be heavily scrutinised. Without the excuse of greedy, unwilling owners to hide behind anymore, the Liverpool manager will have to deliver the goods, or risk the wrath of the fans.