Brendan Rodgers has said that his former club Liverpool must decide on a definitive strategy ahead of next season.
After drawing 2-2 with Sunderland on Saturday afternoon, Liverpool have slipped to ninth position in the Premier League table as they continue to under-perform under Jurgen Klopp, who replaced Rodgers in the Anfield dugout in October.
Klopp is expected to make changes to his squad during the summer transfer window, but Rodgers has insisted that the club must make a decision regarding the type of players that they are looking to sign.
The 43-year-old told beIN Sports: "The club needs to look at it and decide whether they want a business model or a winning model. A winning model would mean trying to get the best possible players that you can, at whatever age they are, it doesn't matter.
"Some clubs will go into work and have that in mind. Others will think it is about buying a player, developing and improving them and then selling them on for a much greater fee, as opposed to getting the best possible player, irrelevant of his age, in order to win.
"This is the way it is going, some clubs operate with the model of football being a business and they will want to do the best they possibly can, but it will always be about getting a young player in, improving them and having a sale and value that is greater when they got them.
"Other clubs will be in the market to just buy the top talents, irrespective of what age they are, in order to look to win. I think the best clubs must get the balance between both [models]."
On Sunday, Liverpool were linked with a big-money move for Lazio's Antonio Candreva.