The Reds are in a similar position to that Spurs were in last year, with their star man set to head to La Liga for a massive fee.
Tottenham let Gareth Bale head off to Real Madrid while investing £110m in their first-team squad, but few of the stars signed lived up to their billing as the Lilywhites ended the season 10 points off of fourth place.
Liverpool appear to be doing the same, with Lazar Markovic and Divock Origi looking likely to be confirmed as Reds players to add to Rickie Lambert, Adam Lallana and Emre Can, taking the Merseysiders’ spending north of £70m.
Other names are also on the radar, but Warnock doesn’t think that Liverpool will suffer the same fate as Spurs:
“Liverpool are signing some good players,” he told talkSPORT. “Rickie Lambert and Adam Lallana know it all.
“When Tottenham sold Bale they just panicked and thought, ‘we’ll buy five or six players at £25-30million and it will all come right in the wash’. It doesn’t work like that though, you have to do your homework.
“£4m for Lambert is a great buy. You know what he can do and all the other players they are buying have that little bit of spark.
“Brendan has done well here. He pretty much knows that Suarez is going. He’s going to get the best he can because he needs a good squad with the Champions League next year.”