Well, that was kind of dull. Taking a page out of last year's January window, Liverpool stay quiet and abstain from making any moves on deadline day. Despite drummed-up of drama from elsewhere, this kind of dullness was always the most likely outcome, as per Jürgen Klopp's press conference earlier in the day.
Who's in? (£5.1m)
The forgotten man of the January transfer window is Serbian teenager Marko Grujic, for whom the club completed a move early in the month, before promptly loaning him straight back to parent club Red Star Belgrade. He's taking the number eight jersey when he's joining the club in the summer, so that probably means he's totally a Steven Gerrard fan and his confidence is limitless or he's really into lemniscates or maybe he's just always worn that number.
The Reds' second January signing has already made several appearances as a last-ditch attacking solution, but with no option to buy in his loan contract, Steven Caulker looks likely to be no more than a 6-month stop-gap.
Earlier in the month, Liverpool recalled three youth players from loan in Danny Ward, Sheyi Ojo and Ryan Kent, with the latter two having already played for the club since returning. Considering the club's packed fixture list, deep cup runs and penchant for replays, all three are likely to figure in some capacity throughout the season.
Who's out? (£0m)
Ryan Fulton went on loan to Portsmouth for the rest of the season. That is all. The teenage goalkeeper has already made his debut for Pompey and will hope to continue gathering experience at the senior level as the season progresses.
There were plenty of rumours and links made throughout the month, most noticeably a highly publicised chase for Shakhtar Donetsk attacker Alex Teixeira, but what looked like a smash and grab deal at first soon became protracted and ultimately fell through, as the Ukrainian club set an unrealistic asking price. There were tenuous links made with Real Madrid winger Denis Cheryshev and Inter Milan striker Mauro Icardi, but neither deal ever really looked likely to happen, with the former moving to Valencia and the latter staying put.
In terms of outgoing rumours, Jose Enrique - who has been told by Liverpool that he is free to look for a new employer - was approached by Newcastle, but the left back's former club were only interested in a 6-month contract, prompting the player to stay. Jerome Sinclair wants to leave and Watford were apparently willing to pay Liverpool's asking price, but the Reds decided to block the deal, possibly looking to collect a substantial tribunal fee in the summer.
In summation, the "Four new players!" looks like it's going to be Klopp's "galvanised" moment for 2016, and fans will have to settle for a team consisting of familiar faces, as the manager uses the rest of the season to figure out who will continue to be part of his plans from next season onward.