Liverpool have already committed over £170 million this summer, and their business might not be done yet, with Alexander Isak now firmly in their sights.
A move for the Newcastle striker could cost up to £130 milliontaking Liverpool’s total spend beyond £300 million if a deal is agreed. It would represent a massive financial outlay, which has left fans wondering how they can safely afford such costs.
Three major signings have already arrived in Liverpool. Jeremie Frimpong joined from Bayer Leverkusen in a £29.5 million deal after helping the German club win both the Bundesliga and DFB-Pokal as part of their historic unbeaten domestic season.
He’s joined by Milos Kerkez, who signed from Bournemouth for £40 million after two strong campaigns in the Premier League. The Hungarian full-back made 74 appearances for the Cherries, scoring twice and assisting eight goals.
Liverpool’s biggest signing so far is Florian Wirtz. The £100 million deal, with a further £16 million in add-ons, is the most eye-catching of the summer.
The German playmaker spent over five years at Leverkusen, making the jump from Cologne’s youth ranks to become one of Europe’s most sought-after talents.
If Liverpool are to follow those moves with a club-record bid for Isak, they would need to break the British transfer record, but the groundwork is already in place.
According to football finance expert Kieran Maguirethe Reds are in a strong position to spend.
“Liverpool are a super smart football club,” Maguire told BBC Sport.
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“They’re in an incredibly strong PSR position. Out of the traditional big six clubs, they’ve spent the least in this three-year cycle, only £325m, and that includes their signing of Florian Wirtz.
“They’ve still got plenty of wiggle room with their transfer budget. Plus, a move for a striker is likely to be paid in instalments, meaning the cost can be spread over multiple seasons.”
Maguire also expanded on the club’s long-term strategy.
“Liverpool have been outside the top-10 spenders on player signings since 2019, but their model is a classic case of being smarter rather than bigger.
“Their model has been to ignore the noise and only buy a player if they truly improve the squad. It’s a Moneyball, more analytical approach.
“Chief executive Michael Edwards does a brilliant job, and he never buys players because of external pressure. He doesn’t get jittery when fans call for more signings.”
Liverpool’s financial position has been boosted by £175 million in Premier League prize money and an increase in matchday income following the expansion of the Anfield Road End. A new kit deal with Adidas, reportedly worth more than £60 million per season, begins in August.
In addition, the Reds have banked over £140m from player sales since the 2023/24 transfer window began, and there could yet be more movement before the window is out.
Bayern Munich saw a £58.6 million bid for Luis Diaz rejected on Tuesday, while interest in Darwin Nunez remains from both Napoli and Saudi Arabia.
