Landing 76 points and fourth place is a significant improvement on last season, although changes will still be needed to help keep pace with the rest of the league's best teams and deal with the extra football in Europe.
Rating out of 10: 7
Highlight
In the very first half of football this season Liverpool had clearly been second best away to Arsenal. 1-0 down, it could and should have been more. Just before half-time, Philippe Coutinho unleashed a trademark free kick of curl and power to equalise. For the opening 20 minutes of the second half Liverpool were unstoppable and a 4-1 lead was the least they'd deserved. It was an immediate, scintillating snapshot of what this team had to offer.
If you prefer a 90-minute performance as more befitting of a highlight, there were few to match the Reds' 6-1 thrashing of Watford in November that briefly put them in first place. For all the later talk of Liverpool's struggles in dealing with teams who defend deep, there was no such shortage of creativity that day.
The double over Everton was also pleasing. In short, there was more to admire about this season than there was to criticise.
Low point
The fact that the aforementioned Arsenal game ended 4-3 was also a warning about how Liverpool might occasionally turn advantage into disadvantage in the blink of an eye.
There were other examples of their recurring tendency to shoot themselves in the foot. They turned a 3-1 lead away to Bournemouth into a 4-3 defeat in less than 20 minutes. That was bad, but at least the fans had seen some decent football along the way.
At Hull in February they saw nothing but complacency, ineptitude and surrender. Oumar Niasse, a player that was gratefully offloaded by Everton scored Hull's second goal on a day when nobody in red rose above mediocre. The East Yorkshire side was deservedly relegated in the end, but on one ignominious day Liverpool had made them look good.
Star man
Everyone knows Liverpool cannot do themselves full justice without an in-form Coutinho in the side and he ended the season as he began it -- curling a delightful free kick into the net. In terms of influence, consistency and goals nobody could deny the impact of Sadio Mane in his first season with the club.
His month off for the African Nations Cup proved how much of an asset he had become. By the end of January Liverpool had ceased to be competitors in all three trophies they'd had a shot at before Mane joined his Senegalese teammates.
Speed is just one of his attributes. Trickery and alertness for any opposition weakness or defensive dithering are the others. His finishing could have been a touch more ruthless. If he can improve on that and stay fit, he can become an Anfield great over the coming years.
Flop
There weren't too many obvious candidates in this category. Nathanial Clyne has been steady and efficient but on too many occasions he seems to have believed that was enough. Pressure from the emerging Trent Alexander-Arnold might force him to up his game next season. Even so, calling him a "flop" would still be a slight exaggeration.
The biggest disappointment was probably goalkeeper Loris Karius. Expected to replace Simon Mignolet in one of Liverpool's problem positions, he was given the chance to shine and promptly fluffed his lines.
He may be able to take inadvertent credit for the improvement in the Belgian's more recent performances but supporters have seen these fluctuations in form before. Whenever Mignolet begins to struggle again, there would be little confidence in Karius taking his place and meeting the challenge.
Transfer Talk
Eye-watering estimates of the fee needed to sign Southampton's Virgil van Dijk will more than likely see Liverpool look elsewhere for a much-needed defender, even had he been perversely inclined to choose the Reds over Chelsea or Manchester City.
Supporters' excitement when Jurgen Klopp came to Anfield centered on his talent for finding good, inexpensive players while at Borussia Dortmund. That may be the business model the Reds choose in the coming months, despite the supporters' usual clamour for big-name signings.
They have a good first choice team, but when form and -- more likely -- fitness went awry there was little among the secondary level of players to draw from with any great confidence. That is where Klopp will have to strengthen the most.
Whenever Mane went missing there was no player left who was capable of even doing a passable impersonation of him. That was a major oversight in the last two transfer windows and a mistake Klopp simply cannot afford to make again.