The Reds have already splashed out £300 million on signings this summer and are now being linked with a move for Newcastle striker Alexander Isak but the coach insists that the club won't turn down the opportunity to bring in "quality" footballers.

Slot told reporters before Liverpool departed their pre-season tour in Asia: "I always say, another thing about Liverpool is that if we see a chance in the market, we never hesitate to bring someone in.

"In the end it’s about quality and we have already made some very good signings. In terms of quality, we are already in the right place."

The Premier League champions signed German star Florian Wirtz in a £116 million deal recently and Slot explained that there is a long-term thought process behind the big-money arrival.

The manager said: "We don’t just think, ‘Let’s bring a midfielder in.' This is a long-term project for the club.

"It’s the way this club has worked over several years: targeting a specific player who we think can strengthen the squad and can bring us quality. Then we try to bring him in.

"I think this club has always worked like this. We do spend, but if we spend, then we always need to recoup some money.

"It’s what we already started last summer when we only brought in Federico Chiesa, but we sold three or four players, which meant a big profit.

"So if you balance things out, we’ve spent, for sure, but we’ve also recouped money."

Liverpool confirmed the sale of Luis Diaz to Bayern Munich in a £65.5 million move earlier this week and Slot was sad to see the player go - even if it made sense from a business perspective.

He said: "I think we did great business by bringing in Lucho for a number of years and then selling him for a very good profit. Lucho was a player who was a joy to work with because he always had a smile on his face every single day. I will remember him as someone who was a joy to work with and a Premier League title winner."