But the discussion is about consolidating their CL status and becoming a proper CL-level club. They've signed players who have done just OK in the PL, nothing amazing; probably squad level players in a top 4 challenging side, at best. They should be aiming for much better talent than that... unless Rodgers is about to perform a miracle, of course.
The strength of the pound gives them a chance to look around for considerably better players for the same outlay and they've not taken advantage of that.
We've no idea whether the PL players they've signed can make the step up, so it could prove to be what sends them back down to Europa level once again.