But for me? It's business as usual.
"I haven't really even thought about Phil leaving", Oxlade-Chamberlain said. You pay it attention and you realise it happens but you can't start thinking, 'What are we going to do now that Phil is not here?' It can't be that at all.
Liverpool are at their most risky when they can go hunting for the ball high up the pitch and play at a high tempo, but it is only possible to do that against opponents that want to play football rather than sit back and frustrate.
But Oxlade-Chamberlain is confident the three remaining members of Liverpool's Fab Four - Mohamed Salah, Sadio Mane and Roberto Firmino - can help fill Coutinho's void without too much disruption.
The club gained 160 million euros (USD192 million) by selling Coutinho in a blockbuster transfer that was completed on Monday, but the team lost his long-range goals, his technical skills and close control, and his vision and passing range from central midfield.
"I don't think they would have sold him if they didn't feel they could cope with it".
The Guinean is set to move to Anfield in the summer in a deal that was agreed a year ago but there have been suggestions it could be brought forward.
And in a heartfelt facebook post to Coutinho, Firmino wrote: "Liverpool is no longer the same without you my magical brother".
He has found a rhythm on and off the pitch, relishing the opportunity to establish himself.
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"I want to keep Lemar".
He stops short of saying life at the Emirates had left him disillusioned but he knew he needed to get away. That's what I've felt from the moment I came here. Napoli are willing to increase Mertens' salary in a new contract in exchange for a big increase in that release clause.
'Of course they are not unbeatable, ' he says with confidence.
The 21-year-old made six Bundesliga appearances but, after his spell in Germany was terminated, he has now received clearance to play in the club's forthcoming matches. We have everything we need to go and get the right result.
Despite this apparent strong financial position, Liverpool may still struggle to convince the German side to part with the Guinean global in January.