Former Liverpool captain Phil Thompson says Liverpool should have looked to strengthen their squad by signing Timo Werner.
The Reds were heavily linked with the RB Leipzig striker and, at one stage, were favourites to win the race for his signature.
However, the Premier League leaders opted against activating the £53million release clause in his contract, claiming the financial impact of the coronavirus pandemic means they are not in a position to be making big money transfers.
The German international now looks set to head to Chelsea after the Blues agreed to pay the fee as Frank Lampard looks to make a number of changes to his team ahead of the 2020/21 campaign.
But Thompson says his former club should have pressed ahead with bringing the forward to Anfield, stating he would have been a player who could help keep Liverpool at the top of the game.
In an interview with Sky Sports, Thompson said: “I think you should always try and improve. When you’re on the up, when you’re playing well, that is when you should look to back it up.
“I would have loved to have seen him come but Liverpool have not done that, they’re looking at it and it’s probably costing too much.
“Timo Werner will be going ‘maybe I might not get in there’ and maybe [Jurgen] Klopp is thinking ‘we can’t afford to have somebody for that price just sitting on the bench’.
“He’ll be alright for three or four years and I would have taken that risk, if he wanted to come I think you have to improve your team when you’re on top and he would have improved us.”