Jamie Carragher reckons Liverpool will face a major struggle to finish in the top four
Liverpool looked likely to be one of Chelsea's main title challengers heading into the New Year, but now find themselves in fifth place and 13 points adrift.
Jurgen Klopp's side have failed to win in their last five league games and suffered their most recent setback against Hull – losing 2-0 to Marco Silva's side at the KCOM Stadium.
Carragher says Liverpool's failure to add to their squad in January could be their downfall
And Carragher, who scored three goals in 503 appearances for Liverpool, admits the Reds' biggest regret will be not adding to their squad in the winter window.
"Liverpool don't have the squad to match the other teams and are in a major fight for the top four," Carragher told Sky Sports.
"For how great everything was going a few months ago, it shows how quickly everything can just unravel.
Philippe Coutinho dejected after Liverpool's 2-0 defeat to Hull
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Simon Mignolet – 5
"A major disappointment, whether it was down to the manager or the board, was not getting any reinforcements in in January. The players are there, I am not saying panic buy.
"At this moment, there are lots of problems, defensively and in attack, but I am talking about in terms of numbers, Liverpool needed something.
"If you look at Liverpool's bench, they haven't got anything like what Manchester United have got, City have got – these are the teams they are trying to compete with."