George Gillett says Liverpool are about to enter "phase two" of their summer strengthening.
The Anfield giants have already made sure the backbone of their side will remain intact for years to come by signing several players to new long-term deals.
Steven Gerrard, Jamie Carragher, Pepe Reina and Xabi Alonso have all put pen to paper on contract extensions.
But most Anfield fans were expecting Gillett and co-owner Tom Hicks to splash the cash on expensive new signings as well, with names like Samuel Eto'o and Fernando Torres mentioned as potential targets.
Gillett admits that he feels pressure to bring in new players, and says the club are trying to get deals done.
He told the club's official website: "I sense that kind of pressure building from the media. I think the fans know that we have huge regard for Rafa. He has a number of initiatives and concepts and plans under way.
"We're not going to do something just to try to prove something. I can assure you that we are working on different things.
"The first part was identifying a number of our existing star players whom Rafa wanted to sign on long-term contracts.
"That was the first step and it has been done. Now we're moving on to phase two, which is bringing players in.
"For Tom and me, this really is about trying to win championships, and that takes commitment, no matter what sport.
"We are pleased with Rafa and his strategy. It's not dissimilar to what he outlined to us in February. His belief is to look for players with the proper chemistry to enhance the team, players not too disimilar to Kewell and Gonzalez.
"We support Rafa. He has a programme under way and, as that unfolds, that will be the time for us to be judged, not now."
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