Spending may be over for hard-up Reds
Chief executive Rick Parry has admitted Liverpool may have spent their last penny in the transfer market this summer after Josemi's arrival.
So far this summer, the Reds have spent £14m on striker Djibril Cisse, and £2m going to Malaga for defender Josemi.
Benitez is trying to sign another central defender, but that could be the limits of his spending, certainly before the Champions League third qualifying round.
Parry admits that it is the example set by Greece, Porto and Valencia in making the best of what they have rather than spending huge amounts like Chelsea, who have now taken their summer buying spree to £90m.
Parry said: "We are more than conscious that there is a big, big gap between us and Arsenal and that's not going to get turned around overnight.
"You do not just click your fingers and suddenly it is right. A degree of patience is going to be required from everybody but what you do feel is we are very much on the right lines.
"I think we have seen this year that it's not just about money. You look at Greece in the European Championships and the likes of Porto, Monaco, Marseille and, to an extent, Valencia.
"They are by no means the richest names in Europe and Rafa's philosophy is all about building teams. Of course it's about players but it's also about building teams.
"I think we are moving into the era of the team as opposed to the era of the star and that has to be the way forward.
"If you don't have the money to compete with Real Madrid and Chelsea, and who does, then you have to approach it slightly differently."