Liverpool manager Brendan Rodgers admits he would not have allowed Andy Carroll to join West Ham if he had known he would not be able to strengthen his squad - but insists he was not misled by the club's American owners.
Rodgers, who has the option of recalling Carroll from his season long-loan in January, let the England striker leave for Upton Park as he was convinced he would bring in either Clint Dempsey or Chelsea's Daniel Sturridge on loan.
But neither deal materialised, with Liverpool's owners FSG understood to be reluctant to meet Fulham's £6m asking price for 29-year-old Dempsey.
He moved to Tottenham, leaving Rodgers short of resources and denying there were already boardroom tensions with the Americans after the 2-0 home defeat by Arsenal left them without a Premier League win.
Rodgers revealed he had been "very confident" of signing a replacement for Carroll and when asked if he would have sanctioned the move otherwise he said: "No."
Liverpool's manager confirmed he has spoken to the club's owners after the transfer window closed and will hold further talks this week, saying: "There are just one or two operational things we need to iron out."
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But Rodgers - who has refused to completely dismiss the prospect of a move for former Liverpool striker Michael Owen - is conscious of the need to bolster his attacking options.
"Any player that I believe can improve the squad I will look at," Rodgers said. "We have got a very, very small squad with some very young players in it. So I can't say no."
Rodgers added: "We all know we needed reinforcements and the players needed help but it's gone now and I can't do anything about it.
"There is no point in me sitting here crying about it wishing we had or we hadn't. There is no doubt the finances here had to be changed. That is the reality. We have lost nine players and brought in three so from a business side the club has done well. What we need to do well for the future now is look after the football business and help the players here."
Asked whether the reality was different from what he was told when he was appointed, he said: "I have to be honest. I wouldn't change it for the world.
"I'm very proud and privileged to lead this club. I always knew it was going to be difficult.
"My fight is to keep the supporters proud and keep the great name of Liverpool going forward. I have made it my life to do that."
Rodgers said: "The owners have been very up front, honest and open with me. There are one or two things to iron out but they haven't misled me.
"I have spoken to the people back in America and had a couple of brief conversations. We will reflect on it again next week on the way forward and hopefully go forward in the January window."
Former Liverpool striker Owen is a free agent while Didier Drogba may also become available as uncertainty surrounds his future at Chinese club Shanghai Shenhua.
