Liverpool are confident of avoiding any breaches of UEFA's financial fair play rules, sources have told ESPN FC, with the club's accounts due to be probed by the governing body.
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The Reds are set to be named alongside Monaco, Inter Milan and Roma as one of the clubs that must offer information on their accounts to UEFA from the past three years, as reported by ESPN FC on Tuesday. The governing body will make the announcement as to who is being investigated on Thursday.
The sides have been chosen as they did not feature in European competition last season, and so UEFA's Club Financial Control Body wants to hold talks regarding their finances.
No financial sanctions will be imposed at this stage, although a provisional sanction to withhold Champions League money is possible as a next step in the process.
Liverpool believe the investigation is part of the ongoing process and sources have said the club are hopeful of complying due to being able to write off stadium expenditure.
The Reds incurred losses of 49.8 million pounds for the 2012-13 season and 40.5 million pounds for the previous 10-month period, which they attribute to the former ownership of Tom Hicks and George Gillett Jr.
Hicks' plan to build a new stadium was abolished by current owners Fenway Sports Group, who wrote off 39 million pounds in the process.
According to UEFA, losses must be no more than 35.4million pounds over the 2011-12 and 2012-13 seasons, although expenses, such as on youth development and stadium costs, can be written off.
Manchester City and Paris Saint-Germain were the clubs hit hardest by UEFA last season for breaching FFP rules -- they were each fined 49million pounds and handed restrictions on transfer spending and a reduction in Champions League squad size.
UEFA remain confident that legal action against its FFP rules will be defeated and that a crucial European Commission decision in its favour will be made in the next fortnight.
Manchester City's independent supporters' club has joined the legal action being taken by Belgian agent Daniel Striani, which was lodged with the European Commission and the Belgian courts in May 2013.
A statement from MCFC Supporters Club, which has almost 15,000 active members and 168 branches worldwide, said: "Far from implementing a true 'financial fair play,' this rule is in fact a prohibition to invest that prevents ambitious owners to develop their clubs, that therefore shields the established European elite from being challenged [this elite being unsurprisingly the main sponsors of the UEFA rule] and that, consequently, puts additional financial pressure on supporters [higher prices and lower quality].
"With this UEFA rule, it is now almost impossible for any ambitious investor to take over a 'sleeping giant' and to turn them into the next Manchester City or Paris Saint-Germain.''
Information from the Press Association was used in this report