Everton's squad is rather lop-sided after a summer of lavish but questionable spending, and Allardyce is keen to rectify previous recruitment errors.
Troy Deeney has emerged as one of Sam Allardyce's main targets for the January transfer window but the striker is not interested in a move to Everton.
Everton will have both Michael Keane and Phil Jagielka back for their visit to Newcastle United although Leighton Baines remains out.
Jurgen Klopp made six changes to the Liverpool team that thrashed Spartak Moscow in the Champions League for Everton's visit.
Wayne Rooney's goal from the spot kick allowed Everton to settle for a point against Liverpool in the first Merseyside derby of the season at Anfield on 19 December.
Yannick Bolasie took a step closer to his Everton return after he was afforded 30 minutes of action for David Unsworth's side on Monday.
Valencia boss Marcelino is looking to bolster his side with fresh additions in January in a bid to sustain a push for La Liga.
Reds defender Dejan Lovren was penalised for a push on Dominic Calvert-Lewin late in the second half, with Wayne Rooney converting from the spot.
Reds fail to fully overcome dogged Everton, who received only their second penalty at Anfield since World War Two.
Adam Lallana made a substitute appearance against Chelsea, which was his first and only appearance this season.
Everton boss Sam Allardyce admits he will be judged on what signings he makes but did not discuss reported interest in Pierre-Emerick Aubameyang.
Everton's Phil Jagielka is back for the Merseyside derby after missing his side's last three matches with an unspecified knock.
Moreno suffered a tendon problem after seemingly twisting his ankle against Spartak Moscow on Wednesday (6 December).
Klopp insists that noone "with any influence" has told him that Coutinho will leave Liverpool next month.
Watford manager Marco Silva says the club have no plans of selling Troy Deeney in the January transfer window despite Everton's interest.
Allardyce will not make too many changes to the side that beat Huddersfield Town at Goodison Park last weekend.
Alan Pardew does not want to lose Jonny Evans in January, although fears his exit with the likes of Manchester City, Arsenal, Everton and West Ham all interested.
Both West Ham and Everton are in need of defensive reinforcements and are looking at Evans as a potential solution.
Alberto Moreno is a major doubt for Sunday's Merseyside derby clash with Everton at Anfield, while captain Jordan Henderson looks set to return after Spartak Moscow omission.
Walcott has not started a Premier League match this season and is on Sam Allardyce's agenda according to recent reports.
Sandro is of interest to Valencia, who are surprisingly fighting for the Spanish league title this season, but a move to the Mestalla Stadium is far from certain.
Coach Craig Shakespeare insists that Everton manager Sam Allardyce has yet to pick his team for Sunday's derby trip to Liverpool, with places still up for grabs.
