Fernando Torres will join Steven Gerrard and commit his future to Liverpool.
Even though he was receiving heavy interest from Real Madrid, Gerrard decided to stay with the Reds to help the club bounce back from their highly disappointing performance last season.
Chelsea and Manchester City highly interested in a huge move for Torres, who won the World Cup with Spain this summer, and will try to take advantage of the fact that the Spaniard is unhappy that Liverpool will not compete in the Champions League this year.
Carragher is hopeful that Torres will stay with the club, believing the club would be handed a massive boost if the former Atletico Madrid hitman were to follow Gerrard’s lead and stay with the Reds.
"Well, he's our best player," Carragher told www.liverpoolfc.tv.
“For me he's probably the best player in the history of the club, alongside Kenny (Dalglish), so it's obviously going to give everyone a massive lift.
"Hopefully Fernando will do the same and we can bring one or two more in so that we head into the season with a real feel-good factor."
The England international is also happy with the way that former Chelsea midfielder Joe Cole has quickly settled into the Liverpool squad.
"He's not taken too long to settle in and he knows quite a lot of the lads from England.
"He's a good lad too and he's staying right in the centre of Liverpool, so a lot of the fans have seen him around.
"He loves playing here and being at Liverpool. You like people to get involved with the city and he's doing that from an early stage."