Offer for forward believed to come in less than £120m

Newcastle value 25-year-old prized asset much higher

Newcastle have rejected a formal bid from Liverpool to sign Alexander Isak, with the Premier League champions’ offer way below their £150m valuation of the forward.

Liverpool’s first official offer for the Sweden international is believed to have been for less than the £120m suggested when Richard Hughes, sporting director at Anfield, made an informal enquiry a fortnight ago. Newcastle value their prized asset at a British transfer record £150m and remain reluctant to sell the 25-year-old.

Isak’s stance since Hughes’ enquiry, however, has encouraged Liverpool to step up their pursuit of the player. The club have spent almost £300m so far this summer, including a £79m deal to sign long-time Newcastle target Hugo Ekitiké. But with £190m recouped in sales since Hughes arrived in June 2024, plus healthy revenues from their title triumph and return to the Champions League, Liverpool are in a position to break their transfer record for a second time this summer after signing Florian Wirtz from Bayer Leverkusen for an initial £100m in June.