Following the signing of Jordan Henderson from Sunderland, Jamie Carragher has backed Liverpool's transfer policy and expressed his joy at the young England international's transfer.
Liverpool are thought to have paid around £20 million for Henderson - including add-ons - but Carragher believes it is money well spent. He told the Liverpool Echo: "Jordan is a great signing. I know one of the coaches at Sunderland who rates Jordan very highly.
"He had a great season with Sunderland and we're fortunate to have got him. I think he will add real energy to our midfield."
Since Kenny Dalglish's appointment, Liverpool have introduced young players into the first-team and sought to add further youth through the transfer market. Henderson followed the arrival of Andy Carroll, while Phil Jones was also strongly linked to the club, an approach that has earned Carragher's approval.
''The club now has a policy of focusing attention on young players and I think that's the right way for clubs to go,'' he said. "You want to develop a team and have players at the club for a long time. I think that approach will really benefit us. Things don't always work out, but it's much easier to move on a younger player who still has a decent sell-on value than someone in their 30s."
He also added that he expected further transfer activity from Liverpool before the end of the summer: "It's still very early and I didn't expect too much to happen on the transfer front before now," he said. "Over the summer players, managers, chief executives and owners are all away on holiday.
"It's only the start of July and with pre-season getting going next week I'm sure things will soon start moving. You often find that one deal sets it off and everything happens from there. I'm sure it will kick off over the next few weeks and hopefully we'll get a couple more new faces in."