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Jurgen Klopp insists he has had “100%” backing from Liverpool's owners in the transfer market as he revealed there could be one more signing to complete his summer recruitment drive.

The Reds boss says Fenway Sports Group has provided the financial backing for him to seal the deals he wanted in order to strengthen the squad he inherited.

Seven new faces have been added at a cost of around £70million with around £23million recouped in sales.

Georginio Wijnaldum became the latest new recruit after completing a £25million move from Newcastle United. The Dutchman linked up with the Reds in California on Saturday.

Asked whether he was satisfied with the support of FSG, Klopp told the ECHO: “100%. Absolutely, I've been able to do what I wanted.

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“There was never a discussion where I had 1% of the feeling I didn't understand our situation or something. They have been really cool.

“I speak with (FSG president) Mike Gordon regularly and we're working on different fronts, working here, developing this, bringing together this.”

Left-back is the one area where Klopp is still keen to bolster his ranks.

Liverpool have been unable to agree a deal with Leicester City for Ben Chilwell, who is now expected to stay put and sign a new contract.

The Reds are considering other options but Klopp says most of the business that's still to be done concerns outgoings.

Liverpool are keen to off-load Mario Balotelli, Luis Alberto and Christian Benteke with Lazar Markovic also likely to leave.

The Reds have accepted a £13million offer from Stoke City for Joe Allen. Swansea City are also keen but have yet to match that bid.

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Ryan Kent and Jon Flanagan are among those expected to go out on loan.

“We still have to do a lot of things on the selling side,” Klopp said.

“We don't want to have 500 players in the squad.

“We're in a good way. We don't need to make another three or four signings, maybe one more, maybe not.

“There's been a lot of planning. It's like a puzzle. That's how building a squad works.

“We have already bought seven players. That's a big number, it's not that we haven't been active in the transfer market. It's all about balance.

“I've heard that people have been talking about (Ragnar) Klavan as our fourth option (at centre-back). Wait and see him play and then tell me again that he should wait until all the others are injured or something.

“Okay, it's a little bit different with Alex (Manninger). He knows his role as something of an educator for the boys.

“But he gives us opportunities to feel secure with a No 3 keeper to help John (Achterberg) with all the goalkeepers around and to allow us to send Adam Bogdan, Ryan Fulton and Danny Ward on loan, and keep Shamal (George) here to play for the under-21s. That's quite cool.”

One of the real bonuses for Klopp in pre-season has been the manner in which the club's Academy youngsters have stepped up to the plate.

“We've found three young guys in our own club – Ben (Woodburn), Trent (Alexander-Arnold) and Ovie (Ejaria),” Klopp added.

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“It's wonderful - really important for the club.

“In four weeks we will see they are still young. Let them go and enjoy it. Step back, train and develop. Give them the opportunity to hide again and grow. They have a lot to learn but we've already seen there's a real future for them.

“Until now the club has done everything right with these boys in terms of their education and development. I've seen it and enjoyed it.

“The past three weeks have given us a lot of good information about everyone in the squad.

“In the games they have been really fighting, really trying to play. It's not always about playing the most intensive football, but if you don't do it in pre-season, you miss a session.

“We do all this fitness stuff so that you can make the right decision in the 88th minute. You don't want it so that after 50 minutes nobody knows even what stadium they're in. You need to create a base to make the performance easier.”