Liverpool owner John W Henry will hand Brendan Rodgers a £60million summer transfer kitty if he qualifies for the Champions League.
Henry and his fellow backers have been delighted with the way Rodgers has made progress to challenge for the title and are planning to give him a new bumper three-year contract before the end of this season.
To help negotiations, Liverpool will make it clear they are happy to back Rodgers in the transfer market should he secure a top-four place.
Rodgers wants to sign two centre-halves, a left-back, creative midfielder, winger and back-up striker to compete on four fronts next season.
He has already been linked with Ukraine winger Yevhen Konoplyanka of Dnipro, Benfica’s Nicolas Gaitan, Switzerland left-back Ricardo Rodriguez and Cardiff City centre-back Steven Caulker.
Henry is also willing to improve the 41-year-old’s £2m-a-year contract but can wait to sit down with Rodgers as he still has 15 months left on his current deal with the club holding a further 12-month option after that.
Rodgers took over from Kenny Dalglish in the summer of 2012 and his side go to Manchester United next Sunday as genuine contenders to win their first league title since 1989-90.
They last played in the Champions League in 2009.