The Reds are preparing for a return to the Champions League after a two-season absence thanks to a fourth-place finish in their first full season under Jurgen Klopp.
Liverpool have signed Egypt international Mohamed Salah from AS Roma and Hull City defender Andy Robertson in an £8m deal to improve their left-back options.
England Under-20 international Dominic Solanke also completed a move to Liverpool from Premier League champions Chelsea for a tribunal fee.
The Reds are fending off interest from La Liga giants Barcelona in their prized asset Philippe Coutinho.
The Brazil star signed a new long-term contract with Liverpool in January to extend his stay at the Anfield outfit until 2022.
Former Liverpool striker Owen appeared to be confident that the Reds are in a good position with Coutinho and talked up their prospects ahead of the new season.
“Liverpool did a amazing bit of business by signing Coutinho to a new contract, especially when you look at Sanchez and Arsenal and the problems it’s causing around the club,” Owen told the Daily Mirror.
“Since Coutinho signed the new contract Liverpool have qualified for the Champions League, bought more quality players and are in a better place than they’ve been for a long time.”
Klopp was appointed as Brendan Rodgers’ successor in October 2015 and led Liverpool to an eighth-place finish in the Premier League table.
The German coach guided the Reds to the EFL Cup and Europa League finals but Liverpool lost to Manchester City and Sevilla.
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