Liverpool will undergo a complete review of their player recruitment strategy after struggling to implement a host of new signings this season.
The Merseyside club sit 11th in the Premier League and have been knocked out of the Champions League group stages, with two wins from their last 10 games in all competitions.
After Luis Suarez was sold to Barcelona for £75million, the Reds spent over £100m on eight new players last summer, including £16m on Mario Balotelli.
"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."
Sky Sports reporter Vinny O’Connor understands a meeting will be held between head of recruitment Dave Fallows, managing director Ian Ayre and manager Brendan Rodgers ahead of the January transfer window.
"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," O’Connor said
"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."
Speaking ahead of his side’s Capital One Cup quarter-final against Bournemouth, boss Rodgers suggested he would welcome a meeting of this kind.
“Within, we are very analytical of performance and analyse how we’re doing for constant improvement,” he said.
“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.”