Liverpool managing director Christian Purslow has admitted that the club are looking to find new owners 'as soon as possible' but will not rush into any quick deal.
The Reds have been on the market since April following American co-owners George Gillett and Tom Hicks' decision to put the club up for sale after taking over in 2007.
Chairman Martin Broughton, who was hired as a negotiator between potential buyers, has been hard at work to find new owners, with Purslow confirming that written bids for the Merseyside outfit had been made.
Syrian Yahya Kirdi's consortium and Chinese businessman Kenny Huang have both been strongly linked with deals that could be done by the time the transfer window closes at the end of August.
Purslow, however, has insisted that there is still time to decide and that everything has to be taken into account before a takeover could be completed.
"We have had a number of bids for the club. We will take time to examine those extremely carefully," he said.
"Second to that is [the need] to sell the club as soon as possible."
"We will make sure we take our time," he continued.
"I am not going to put a time limit on it. The challenge now is to sort the wheat from the chaff.
"I would not expect it to be a lifetime - but I would not expect it to be tomorrow either.
"We have just received some written bids at this stage, and it would be wrong to characterise anybody as a front-runner."
Sunday marks the dawning of a new regime at Anfield, with Rafa Benitez's successor, Roy Hodgson, set for his first league game in charge against Arsenal.
But despite the former Fulham boss tying down star duo Steven Gerrard and Fernando Torres, as well as landing Joe Cole on a free transfer from Chelsea, Purslow has admitted they will lose players, with want-away midfielder Javier Mascherano likely to be among them.
"The target is significant improvement. We think our club and players belong in the Champions League - so that is where we would like to be," Purslow added.
"I think there will be one or two more ins and outs. There are a few people who will move on.
"Javier has been wanting to go for personal reasons.
"We have not had any offers for him, and the manager is very happy with him. But it is true he is looking for a move."