Liverpool manager Rafa Benitez believes his squad is heading in the right direction following a busy summer in the transfer market.
The Reds boss added two fresh faces on Friday in the shape of Yossi Benayoun and Ryan Babel. The deals coming hot on the heels of Fernando Torres' arrival last week.
Benitez is unsure whether he has spent enough to mount of serious title challenge, but is pleased he has the financial clout to compete with the Premier League's finest.
"I feel we are going in the right direction," said Benitez. "If you look at the value of the squad three years ago and its value now, the squad is much better.
"I don't know, however, if it will be enough for winning the title. Manchester United won the title and are spending more money than anyone.
"Chelsea, Arsenal and Tottenham are also spending lots of money but at least we are competing with these teams in the market and that is important.
"We needed to go one step, maybe two steps at a time, but in fact we are going a little bit faster than anticipated."
Although competition for places in Liverpool's squad is fierce, Benitez believes each player battling for their place will raise standards.
"I prefer to have pressure as that brings on competition," he continued. "We are really pleased with the squad as I feel it has enough balance.
"You always want two players in each position and we are now really close to this situation."
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