Jurgen Klopp has remained quiet on any potential transfer speculation surrounding Thiago, but did admit that there are "interesting" players out there for Liverpool.
The Reds won the English top flight for the first time in 30 years last season, cruising to the title well clear of second-placed Man City.
They were, however, dumped out of the Champions League as defending champions at the round of 16 stage by Atletico Madrid.
For the last few months, the player most strongly linked with a move to Anfield is Thiago Alcantara, who eventually won the Champions League with Bayern this year. He is believed to have told club officials that he wants to leave for a new challenge.
Klopp kept his cards close to his chest when asked about the Spain international.
“There are a lot of interesting players out there but if someone is interesting for us I can’t say right now," he admitted to Servus TV.
“Due to COVID-19 you have to think five times about what you can and what you can’t do."
The German indicated that Liverpool don't currently hold the financial muscle that other teams do due to the current climate, like Chelsea, who have spent £136m in this window so far.
“We always have to pay attention to the financial aspect. We don’t know how much money will come in," he added.
“Nobody knows but it seems like some other teams have a more positive outlook on the future… if you look at Chelsea for example [laughs].
“But I am very happy with my team right now. If something transfer related will happen we have to see.”
Liverpool have completed one deal so far in the close season, signing full-back Kosta Tsimikas from Olympiacos.