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Jurgen Klopp has warned Liverpool fans it will take some time to get the club back to the top of the league.
Liverpool came close to ending their 24-year wait for a league title in 2014 only to finish second, two points behind Manchester City, after a losing and drawing two of their final three games.
Last season proved to be a disappointing campaign as they struggled to sixth in the table and they currently sit ninth, 12 points adrift of the top four and 22 points off league leaders Leicester City.
Klopp can secure his first piece of silverware later this month if Liverpool overcome Manchester City in the Capital One Cup final but the German has warned supporters there is still al lot of work to do before he can contemplate a title challenge.
"There were great managers and great players working at Liverpool that have influenced the club's history – and after four months I really get the impression that everybody in this club is hungry for success," he explained.
"We are trying to bring that success back to the club. But both the Manchester clubs and a few London clubs invest a lot.
"So if you make a few good decisions that doesn't necessarily mean that you make steps ahead on the Premier League table because these clubs are making the right decisions too."
He went on: "I feel very comfortable over here. It's a special club, a special place. Anfield is a great stadium and you feel the history in every moment.
"It's an honour and it's great fun and a great adventure to be here. And despite everybody longing for a very quick success they all are ready to be patient and to invest a certain amount of time that is necessary to gain that success.
Problem is, the last big trophies have been won a few years ago. It's a problem that many great clubs have in the present. You have to deal with that because obviously there are reasons for that."