English Premier League transfer news: Liverpool chase Isak after summer spending spree

Liverpool has been criticised by fans as having no money in recent years, but with the signing of Hugo Ekitike and likely nabbing of Alex Isak, their transfer spree could top a billion dollars.

‘The Reds have got no money and we’re gonna win the league’ was the chant when Liverpool went 2-0 up against Newcastle in February.

Ironically, five months later, Arne Slot’s men could find themselves two-up over the Magpies in the transfer market – but a lack of cash is certainly no longer on the Anfield agenda.

Having already beaten the Toon Army to the £79million signing of Hugo Ekitike, Liverpool are also hoping to land Alexander Isak.

Liverpool fans show their support with scarves and flags. Picture: Clive Brunskill/Getty Images

The Reds have already smashed the British transfer for Florian Wirtz and talkSPORT understands they are willing to do so again for the Newcastle superstar.

In total, Liverpool have splashed out close to £300m on Jeremie Frimpong, Ekitike, Wirtz and Milos Kerkez.

A deal for Isak would see the Merseysiders break the record for the highest spend from any club in a single transfer window.

Alexander Isak seems headed to Liverpool. Picture: Glyn KIRK / AFP

That feat is still held by Chelsea’s £391m spree on 11 signings, including Moises Caicedo and Cole Palmer, in the summer of 2023/24.

The Blues have a case for boasting the most successful single transfer window of all time, whether it be the arrivals of Didier Drogba, Ricardo Carvalho, Arjen Robben, and Petr Cech under Jose Mourinho in 04/05 – or indeed, the likes of Diego Costa and Cesc Fabregas once the Special One returned to Stamford Bridge.

Virgil almost forgot where he was and started singing "The Reds have got no money" pic.twitter.com/kxDstkHW72

— SH (@SenneH1990) May 25, 2025

A year after Real Madrid’s £233m eight-man 2009 window, Mourinho even inherited the all-star Galacticos: Cristiano Ronaldo, Kaka, Xabi Alonso, and Karim Benzema.

However, Rory Jennings believes Liverpool’s ability to blend marquee signings with genuine upgrades to key areas puts them out ahead.

He told talkSPORT: “I just think that overall, this window, it’s got a bit of everything.

“And if they end up signing the best striker in the Premier League, Alexander Isak, as well, I mean, I think this could be the best and most complete transfer window of all time.”

Biggest transfer window spends ever 1) Chelsea (summer 2023/24) – £391m 2) Al-Hilal (summer 2023/24) – £298m 3) PSG (summer 2023/24) – £295m 4) Real Madrid (summer 2019/20) – £279m 5) Chelsea (winter 2022/23) – £278m 6) Liverpool (summer 2025/26) – £263.5m*

Originally published as English Premier League transfer news: Liverpool chase Isak after summer spending spree