The Evening Herald reports about Liverpool needing to get theire books in order before the club can buy players.
Hodgson will not target any trophy signings in the January transfer window as Liverpool's new owner, New England Sports Ventures, looks to put a stop to the profligate spending which it believes has hampered the club's progress in recent years, the paper reports.
NESV's takeover freed up £36m a year on revenue -- money that had previously been used to service Liverpool's £282m debts -- to be reinvested in the club.
Although its offer also made provisions for an immediate injection of funds into the playing staff, the American consortium has made it clear it expects value for money, both from fees and salaries.
- At the Boston Red Sox, we invested a lot in management and the scouting system, said NESV chairman Tom Werner, The Daily Telegraph reports.
- We believe the foundation of any good sports club has to be the experience, valuation and understanding of scouting, so we will invest in that as well, he sayd.
The newspaper believes that at 22, and around £12 million, Defour represents minimum risk for maximum reward.
The player has also been followed by Hodgsons good friend Alex Ferguson, but the manager according to Sportsvibe intends to challenge Manchester United in securing the signature of highly-rated Standard Liege midfielder
The Telegraph also mentions the PSV Eindhoven Winger Ibrahim Afellay, whom Liverpool have assessed on several occasions.
Already a Dutch international at 24 and heralded for several years as one of the brightest prospects in Europe, Afellay would fall within Liverpool's budget, while his wage demands would remain comparatively modest.
More expensive would be Eden Hazard, Defour's Belgian international team-mate, currently with Lille.
According to Goal.com the Atletico Madrid striker is keen on a move to the Premiership in january. They say Liverpool and Tottenham are set to battle for the Uruguayan star.
He is apparently targeting a move to England after setting his heart on a return to the Premier League when the transfer window re-opens.
Liverpool and Spurs have been made aware of the €17 million-rated striker's availability and NESV will back the manager with funds to strengthen the squad and the former Fulham boss has made signing a striker to partner Fernando Torres his priority.
Spurs made a summer enquiry for Forlan but were put off by the €27m asking price.
The French player was linked with Arsenal and a host of other clubs last winter and Liverpool have also been credited with an interest in Matuidi. It appears that English clubs would have an advantage in any attempt to sign the France international.
- The league that would suit me best is the Premier League. This is due to tactical, cultural and physical reasons, and the atmosphere in the stadiums, the player says according to Sky Sports.
The 25-year-old Northern Ireland international has produced a string of eye-catching displays at the Hawthorns, and Liverpool boss Roy Hodgson is thought to be keen on bringing the player to Anfield, Givemefootball reports.
The have taken the story from The Belfast Telegraph, who says the player is an £8m target for Liverpool.
- West Brom will be reluctant to let Brunt go but Roy will have money to spend and he’s been impressed by Brunt and the influence he’s had on games this season, a Liverpool source told the paper.
Pienaar has been unable to agree terms on a new deal, and the Metro reports that new Liverpool boss Roy Hodgson is keen to bring the player to Anfield, according to Givemefootball.
David Moyes could be forced to sell or risk losing the player on a free transfer in the summer, although he has said he'd rather have the player for six more months than sell on the cheap.
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