Liverpool currently sit 26 points behind Manchester United in the league and despite the fact that they held Manchester City to a draw on their own patch on Sunday, he feels that they cannot compete anymore with the likes of United, City and Chelsea.
He fears that it is going to be a long, long time before fans see Liverpool claim a Premier League trophy.
Reina told reporters: "Right now we can't compete with the big guns. They have a big edge over us at the moment, both financially and squad-wise.
"There's a reason they are so many points ahead of us, and it's not because of one or two better players."