Liverpool chief executive Rick Parry claims the club are ready to dip back into the transfer kitty if the right player becomes available.

The Reds, with a bigger budget than ever before after last season's takeover by Americans Tom Hicks and George Gillett, have been one of the big spenders this summer as they seek to end what would be an 18-year run without a league title by the end of next term.

Manager Rafael Benitez has spent more than £40 million on the likes of Fernando Torres, Yossi Benayoun, Ryan Babel and Lucas Leiva to bolster an already impressive squad at his disposal.

But Parry has refused to rule out the possibility of further arrivals at Anfield before the current transfer window closes at the end of August.

"A lot of clubs have spent significant amounts of money this summer, like Manchester United, Tottenham and Chelsea," he told club website www.liverpoolfc.tv. "Then there are a number of other clubs who have recently also had new investors, such as Newcastle, and there's still a long way to go before the end of the transfer window.

"If a player becomes available and he's the right player for this club then yes, we will be interested."

Benitez's men continue preparations for the new Premiership season, which kicks off in less than a fortnight's time, with games against Shanghai and Feyenoord at the Rotterdam tournament this weekend.

Parry admits there is an air of excitement around the squad after the flurry of new arrivals.

"There's always a lot expectation but there's definitely a special buzz about the upcoming season," he said. "We're all excited with the new signings we've made and genuinely happy with what we've done.

"It was important to get them in as early as possible so that Rafa could have more time working with them. Bringing players in on the last day of the transfer  window is never ideal.

"It was good for our new players to have been involved in the training camp out in Switzerland and then in Hong Kong."