Liverpool are willing to spend £50 million on new signings this summer.
The News of the World says the new board are making £50 million available to manager Kenny Dalglish for the summer market - plus any cash raised from sales.
Dalglish is eager to shop in the Premier League as he seeks wide players and a fullback for next season.
Aston Villa pair Stewart Downing and Ashley Young are on his shopping list, along with Newcastle United fullback Jose Enrique.
