"It is a case of finalising the due diligence and pulling everything together, which we hope will be completed relatively quickly," Parry told BBC radio.

"A huge amount of work has been going on ... I imagine we'll have something to say relatively soon on that."

DIC, the investment arm of the Dubai government, has been holding talks with Liverpool for the past six weeks about a possible takeover.

Parry also said Liverpool could add to their squad in the January transfer window after they were knocked out of both the FA and League Cups on their home ground by Arsenal.

"You have to have priorities and ours are to invest in the first team, which we have done with substantial sums in the past three years. We may sign players before the transfer window shuts," he said.