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FSG take unusual contract step with Harvey Elliott's new Liverpool deal

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Such has been the level of progress made by Harvey Elliott since he joined Liverpool that handing him a second new deal in the space of 12 months seems entirely appropriate.

The 19-year-old, who arrived at Liverpool from Fulham in the summer of 2019 for a fee that was eventually determined by tribunal to be up to £4.3m, a world record fee for a 16-year-old who had never signed a professional contract.

• 'When you think' - Simon Jordan makes astonishing Liverpool and Manchester United claim • Mo Salah highlights why Liverpool and Jurgen Klopp need another Gini Wijnaldum • Why £80m Liverpool plan is 'incredibly important' to FSG • Liverpool could have 'second chance' to sign Barcelona midfielder on free transfer

READ MORE: 'It's the most stupid thing I've ever done' - Roy Hodgson signing labelled a 'coward' by Carlo Ancelotti READ MORE: Harvey Elliott and Liverpool agree new long-term contract As often happens, the value in the eyes of the law fell somewhere in between, with Liverpool ordered to pay £1.5m immediately and the rest when Elliott hit various milestones.

The longer the deal, especially for younger players, the higher the market value.

According to metrics provided by analysts at the CIES Football Observatory in Switzerland, Elliott's market value stands between €10m and €20m.

The popular view on Liverpool in the transfer market is that they are more thrifty that their rivals, the purse strings a bit tougher to loosen.
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