Liverpool manager Brendan Rodgers says finishing above last year's eighth spot in the league would be "fantastic".
The Reds are unbeaten in six league games but lie in 13th spot after a 1-1 draw at Chelsea.
"The reality is we're a long way off in the league," said Rodgers. "We finished eighth last year. If we can improve on that, it'll be fantastic for us.
"That's the reality of where Liverpool are I'm afraid. But our young players will get better and better."
Rodgers knows that with funds limited at the club it will take time to try to improve the Merseysider's fortunes, although he has urged his rebuilding process is not hindered by harking back to the club's illustrious past.
"They're very educated, Liverpool supporters. It can't be easy for them," said Rodgers.
"Most of us in this room know Liverpool and its great history, but we can't keep looking in the rear view mirror and looking back.
"If you're not going to have a massive investment to make it happen quickly, you have to develop it. That's where we're at.
"The supporters are being very lenient with myself and the team, and I'm sure they'll be frustrated sometimes, but their support has been incredible."
While funds may be restricted at Liverpool, Rodgers will be hoping to strengthen his attack in the January transfer window.
Luis Suarez, who scored the equaliser against Chelsea, is the club's only established striker and he has scored eight of Liverpool's 14 league goals this season and provided two assists.
"We need one or two more players," added Rodgers. "That [the Chelsea result] is our sixth draw, and a lot of those games we've come back into after going behind.
"But we need materials. If we can get one or two in January, we'll turn draws into wins.
"Those players don't come cheap, and they're not too many available in January either.
"But the owners have given me great support since I've been here.
"I knew it would be a difficult year given the expectancy in Liverpool."