Liverpool train
Liverpool's summer signings have all turned out to be flops this seasonReuters

Liverpool are looking to review their transfer strategy after most of their summer acquisitions turned out to be flops.

Despite spending in excess of £100 million on the transfers of eight new players, following the departure of Luis Suarez to Barcelona for £75million this summer, the Reds have been very disappointing this season, doing poorly in the Premier League and the Champions League.

While they are currently sitting in 11th place in the Premier League, 18 points behind leaders Chelsea, they have also been knocked out from the group stages of the Champions League.

Due to this reason, Liverpool chiefs are reportedly keen to find out why their transfers didn't work out, and what kind of players they should get in the future.

"There is talk today that Liverpool are going to have a full review of their transfer procedure; how their committee decides on transfer targets and how they go about bringing them in," said Sky Sports News HQ reporter Vinny O'Connor.

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"Liverpool missed out on a big target in Alexis Sanchez last summer. His decision to go to Arsenal was a major hindrance in the club's transfer plans.

"They thought there was a deal to be done there, perhaps as part of the Suarez (deal) or separately, but it added to the list of recent failed signings along with Yevhen Konoplyanka, the Ukranian winger, and Mohamed Salah, who went to Chelsea."

Reds boss Brendan Rodgers, who has been under tremendous pressure due to Liverpool's poor form this season, said he would welcome a transfer review.

"Within, we are very analytical of performance and analyse how we're doing for constant improvement," the Northern Irishman said in a press conference ahead of Liverpool's Capital One Cup quarter-final clash against Bournemouth.

However, the former Swansea City boss said he is currently focusing on improving the players that he got.

"But my work is very much focused on the players that we do have, on trying to improve them individually and as a team. I think I've shown in my career as a coach and a manager that that's what I get my teeth into."