Rafa Benitez will be given the green light to spend up to £100 million to ensure Liverpool challenge for major honours at home and abroad.
Tom Hicks and George Gillett Jr, the club's American owners, will also allow Benitez to reinvest any money raised by selling players.
Benitez's list of targets includes David Villa and David Silva of Valencia, Gareth Barry at Villa and Antonio Valencia at Wigan.
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Liverpool have also restructured Benitez's personal bonuses.
He will receive £1million for winning either the Premier League or Champions League and £500,000 for the FA or Carling Cup.
( Mirror )
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