Peter Moore insists the Reds won’t try to match Manchester City and their rivals in the summer market

Liverpool won’t attempt to match the spending power of their rivals in the summer transfer window, according to the club’s chief executive Peter Moore.

The Merseyside outfit secured a top-four finish and a return to the Champions League thanks to a 3-0 win against Middlesbrough on the final day of the 2016-17 Premier League campaign.

Liverpool signed seven players in the 2016 summer transfer window as Jurgen Klopp looked to overhaul the squad that the German inherited from Brendan Rodgers in October 2015.

The Reds have been linked with a host of potential signing ahead of the imminent transfer window, with the suggestion Klopp needs to significantly invest in new players.

Liverpool’s rivals Manchester City have already spent £42m on Monaco midfielder Bernardo Silva and Pep Guardiola is being linked with a £34.9m deal to sign Ederson.

However, Liverpool chief executive Moore isn’t fazed by the spending power of Manchester City ahead of the summer transfer window.

“Everyone wants to see massive money, but what I want to see is talent for the right price,” Moore told the Daily Star.

“And I might be naive in that but that seems good business. It’s not about saying ‘they spent a dollar, so we’ll spend a dollar’.

“It’s not ‘they’ve spent £100m, so we will spend £100m’. It’s about we have strengthened our squad in these positions and it has cost us this.

“I may be naive but I’m not looking at my competitor – let’s call City a competitor – spending this, therefore I need to spend that regardless of the quality of the players.

“That makes no business sense to me.”