Liverpool's £215m summer transfer war chest rests on sales as World Cup-winner could leave
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Liverpool's list of supposed transfer targets is growing more intriguing by the day. However, those heading out the Anfield exit could have just as great an impact as Andoni Iraola prepares to make his Merseyside bow.
The most pressing matter of bringing in a replacement for Mohamed Salah continues to plague the squad as they get pre-season underway in the United States. However, more departures may be required before the Reds can comfortably afford the kinds of deals they're after.
There's a wealth of talent at Liverpool already linked with exits who could generate upwards of £200million this summer. Mirror Football examines which major names could depart in the near future and add some substantial figures ready for reinvestment.
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By all accounts, this represents the least probable departure of the lot. However, that picture could shift dramatically should Real Madrid get serious in their pursuit of Alexis Mac Allister.
The 2022 World Cup-winner has been consistently linked with a switch to the Spanish capital throughout much of 2026. Speculation is once again gathering pace, though there would still need to be considerable movement on all fronts before an exit appears anything close to likely.
The links surrounding a potential departure remain so flimsy that there is not even a ballpark figure being mooted for the 27-year-old. Transfermarkt places his value at around £60m, though Liverpool would undoubtedly demand significantly more, even with just two years remaining on his current deal.
That contractual uncertainty is the sole factor that could suddenly make a summer transfer a realistic prospect. Should Liverpool harbour doubts over Mac Allister's willingness to extend his terms, they may well choose to cash in now rather than risk losing him on the cheap - or worse still, for nothing - down the line.
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It's worth highlighting Liverpool have allegedly warned potential buyers against pursuing Cody Gakpo . That said, considering Tottenham's expenditure so far this summer, it's entirely possible an approach could arrive that proves simply too attractive to reject.
The Dutchman's productivity declined significantly last season when compared to his opening two-and-a-half years at Anfield. Yet, this was likely inevitable given the signings of Hugo Ekitike, Alexander Isak and Florian Wirtz raised doubts over exactly what his position in the side actually was.
A moment could arrive this summer when offloading Gakpo now, at 27 years old, appears more logical than retaining him among the squad options. That said, with Ekitike still recovering from a significant injury setback, only a substantial bid would persuade Liverpool to accept an offer.
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While he's been far from essential to Liverpool's success since his arrival, Federico Chiesa could play a significant part in the club's transfer business this summer. This is because the Reds can register only one more senior non-homegrown player before reaching their ceiling of 17, with Chiesa potentially occupying a highly valuable place if he remains.
The Italian has been mentioned throughout the summer (and much of 2026) as the most probable player to depart Anfield . There's scarcely a side in Serie A that hasn't been connected with bringing Chiesa back to his homeland, though Bologna have emerged among the more plausible destinations.
Iraola has made it abundantly clear the winger, whose contract runs until 2028, will be handed the opportunity to stake his claim during pre-season. Nevertheless, the shrewder option may be to offload the player if doing so helps facilitate the arrival of a more convincing replacement for Salah.
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The departure many Liverpool supporters are dreading, yet one that could readily happen at some stage during the next few weeks. Curtis Jones' circumstances are especially sensitive having entered the final 12 months of his contract, with speculation regarding Inter Milan's interest growing.
That said, the Nerazzurri's pursuit has proved frustrating thus far, submitting a second offer of £21.7m for the player despite being informed his valuation stands at £35m. Inter are anticipated to return with a third proposal for the academy product but might be better served directing their attention elsewhere unless they increase the figure substantially.
In reality, many supporters would relish seeing Jones sign fresh terms at Anfield and prolong his 16-year association with the club, particularly after demonstrating his adaptability with crucial appearances at right-back last season. That said, the player may well be driving his own departure if he's seeking a more prominent position and Iraola cannot offer him assurances.
What seems to be the most probable sale this summer, speculation surrounding a Harvey Elliott departure continues to build momentum. The former England youth international endured a deeply disappointing stint at Aston Villa last season, though that hasn't particularly impacted his valuation, which is understood to stand at approximately £30million.
Elliott, 23, was among the first to return for pre-season training under Iraola this summer and is presently trying to persuade the new manager he's worth retaining. Nevertheless, should he be considered surplus to requirements, both Sunderland and Leeds are said to be keen on striking a deal.