Jurgen Klopp believes good players will always want to come and play for Liverpool but Champions League qualification would provide that extra "icing on the cake" for potential signings.
Fifth-placed Arsenal are a point behind fourth-placed Liverpool and must win Sunday's game as they hope to seal a top four finish and qualify for next season's Champions League.
While he admits that there is more money in the Champions League, the Liverpool manager insisted that the club are already financially strong enough to sign good players even without the lure of European football.
"It's important of course".
Jurgen Klopp has made them one of the best teams to watch in the Premier League this season and they will be confident of finishing the job against already-relegated Middlesbrough. And if not then we don't deserve it.
Liverpool have spent just two weeks outside the top four since September but are still not over the line, having taken two points from the last nine available at Anfield, against Bournemouth (2-2), Crystal Palace (1-2) and Southampton (0-0).
Klopp: "It is clear". We have to perform and we have to win.
"It could only be more important if we would have thought before one other game in this season that it was not that important".
"Development depends on the start". Maybe we can mark it later. Everybody can be sure that we will fight for each yard.
Boro will go into the match with absolutely nothing to lose and they'll want to give their fans the flawless sendoff before saying farewell to Premier League football.
"At one point you think "it would have been better if he broke his leg"!"
"We are there and we have to be as ugly to play against as possible to play". It's not about performing and stuff like this. There's no alternative. It's always what we're all playing for.
Arsenal have been a Champions League club for 20 consecutive seasons under the leadership of manager Arsene Wenger. "It's a wonderful competition, outstanding".
Asked if he and the players were affected by the large number of stay-away fans, Wenger said he wasn't surprised by the low attendance.
"You can earn a lot of money there - that is money we did not have past year". The Germany worldwide has become a regular under Unai Emery in the French capital this season but was unable to prevent PSG surrendering their Ligue 1 crown to Monaco, ending the club's four-year reign as champions.