The former Liverpool star believes he club's acquisition of Rickie Lambert will prove to be an astute piece of business.
Lambert , who is currently preparing for the upcoming World Cup, became Brendan Rodgers' first signing of the transfer window earlier this week, ending his successful five-year stint at Southampton.
The England international striker,a boyhood Liverpool fan, scored 13 Premier League goals last season and bolsters a forward line that already boasts Luis Suarez and Daniel Sturridge, who scored over 50 league goals between them in 2013-14.
Former centre-back Carragher,thinks that Lambert will be a good compliment to Rodgers' attacking options.
"I think it's a very good signing," Carragher told Liverpool's official website.
"He's a local boy, a Liverpool fan, and it's probably been a dream for him.
"There'll be lots of games with Liverpool being involved in the Champions League, so he'll play his part and I'm sure he'll get some goals."
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