Liverpool chairman Tom Werner insists the club's owners are prepared to splash the cash if the right player becomes available in the transfer window.
Werner, who was part of John Henry's £300 million takeover in October, made the announcement just one day after Ajax coach Frank de Boer said it would take "an absurd amount'' for him to part with Liverpool's number-one target Luis Suarez.
Valuations of Uruguay international Suarez stretch from £18 million to £25 million and it remains to be seen whether Anfield's new owners are prepared to go that far.
But, asked if Liverpool still had the money to secure marquee signings like the £22 million spent on Fernando Torres in the summer of 2007, Werner replied: "Yes. Look at our history. We will be driven by value but we certainly have the resources to have some targets.
"We have a very high wage bill and it shouldn't be such that we are 12th in the league right now. I don't want to get the wage bill down, I want it to increase and we have the resources to do that ... but we are not going to be making decisions which do not improve the fortunes of the club long-term.
"There have been some decisions made which have set the club back and our hope is we will have some announcement to make but there is nothing I can say today."
Werner was keen to stress the long-term vision for Liverpool involves increasing income - with help from either a new or revamped stadium - in order to be able to invest in the club, but he accepts that will take time and a far-reaching blueprint is not something which is easy to sell to supporters who are enduring the worst season for decades.
"Everyone knows our long-term goals are to restore the lustre to the club and we want to honour our great history by winning more trophies,'' Werner added.
"This has obviously been a somewhat frustrating period for all of our supporters so in the short term we just want to see some progress and hopefully under Kenny our fortunes will improve.
"We consider ourselves to be a big-four club and we have a lot of resources. At the same time we need to figure a way to grow our club because no-one is happy with the status quo at Anfield because we need to increase our match-day revenues.
"At the same time I feel the long-term is bright and I am very encouraged about some of the ideas to increase our revenue.''