Reds will sign in the summer
By Alex Livie
Last Updated: 01/01/70 1:00am
The Reds are five points behind Chelsea who currently occupy the fourth Champions League spot, and Parry has reiterated that failure to qualify for Europe`s premier club competition will have a bearing on their summer spending plans.
Liverpool boss Gerard Houllier (pictured) has been told that he will be allowed to bring new faces in, but may have to sell before he buys.
The Reds have been linked with a whole host of players, including Fulham duo Steed Malbranque and Steve Finnan, and Parry knows quality will not come cheap.
He said: "Some of the players we are looking at could be relatively expensive. A lot will depend on where we finish in the league and whether we make the Champions League or not. It will have an impact if we don't qualify, there's no point in pretending otherwise.
"There will undoubtedly be one or two coming in during the summer, but I don't see it as wholesale changes, and it depends a lot on where we finish in the league."
Liverpool already have two talented youngsters who are due to arrive in the summer, Florent Sinama-Pongolle and Anthony Le Tallec from Le Havre.
The Reds have yet to make a decision on whether to bring the two to Anfield in the summer or let them spend another campaign in France, but if finances are tight they may well travel across the Channel at the end of the season.
Parry is also looking further ahead, as he added: "A lot will depend on how we think the next Premier League TV deal is going to pan out. That's going to be important. We're not as pessimistic as some but life is a little tougher than it was a couple of years ago.
"Champions League revenue is going to be a little bit down next season and that impacts on everybody so, in a sense, we may be better positioned than some."