Liverpool defender Jamie Carragher has hailed the summer signings by manager Roy Hodgson.
The Reds defender feels Hodgson has done well to bring some big names to the club despite the financial restrictions he has had to work under.
The new Anfield boss brought in Paul Konchesky from Fulham and Porto's Raul Meireles before transfer deadline day to supplement the arrivals of Joe Cole, goalkeeper Brad Jones, Milan Jovanovic, Christian Poulsen, Danny Wilson and the re-signing of Fabio Aurelio.
And, the 32-year-old centre-back believes that despite the sale of Javier Mascherano to Barcelona he did a good job of persuading Fernando Torres and Steven Gerrard to remain at the club.
Of the rest of his squad Hodgson sold Albert Riera to Panathinaikos, goalkeeper Diego Cavalieri to Cesena and sent Emiliano Insua and Alberto Aquilani out on season-long loans.
Carragher believes that represents a decent result considering there was not a lot of money available.
"I think he has done very well but time will tell. You have to judge signings after Christmas - good or bad," said Carragher.
"We've started quite nicely and hopefully the couple of players we have brought in (late on) will help.
"Everyone realised we needed a left-back so Konchesky came in and Raul Meireles coming in is something we can all look forward to.
"Maybe he can replace the Xabi Alonso/Aquilani-type of player so I think it is looking okay."