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But will owners Fenway Sports Group (FSG) and supremo John Henry commit?

The German international had seemed to be heading to Bundesliga champions Bayern this summer, but with Manchester City’s interest now followed by Liverpool’s, two clubs with plenty of money to put to work this summer for new acquisitions, that now looks less certain.

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Liverpool clinched the Premier League title on April 27 with a 5-1 home win over Tottenham Hotspur.



It was also delivered in Arne Slot’s first season in charge.

When Liverpool won the title previously in 2020, the transfer market was flat as many clubs were trying to preserve capital in the face of the COVID-19 pandemic.

This time around, and with significant funds available and no concerns over breaching the Premier League’s profit and sustainability rules (PSR), or UEFA’s own squad cost ratio rules, Liverpool, in a market that is buoyant again, will have more surety around spending on the back of major success.

The chatter around his fee has been close on the €150m (£126.4m), while analysts at the Swiss-based CIES Football Observatory have pegged it at as much as €129m (£109m).

But how might Liverpool, who have the financial wherewithal to spend big in the market this summer due to their already strong balance sheet and PSR position, success in the Premier League and run in the Champions League, as well as continuous improvement in the commercial aspect of the business, finance such a deal?

Using the figure between Leverkusen’s reported desire to get £126m for their star, and CIES’ £109m top-end figure, a fee of around £115m might be somewhere in the realistic range.

Transfer fees are amortised when it comes to them being accounted for.

But with Trent Alexander-Arnold’s impending departure to Real Madrid freeing up some £10m per year, there is plenty of room to add Wirtz into the mix, especially as the next right back the club signs, which could yet be Wirtz’s Leverkusen teammate Jeremie Frimpong, won’t be commanding wages close to what Alexander-Arnold’s status afforded him.

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There will be exits which will reduce the wage bill, but the Liverpool wage bill will almost certainly rise through the market driving wages forward and costly renewals of Salah and Van Dijk, as well as bonuses that will be paid out to players for the title win.

Pushing beyond the £400m mark in terms of wage outlay is very possible.

But it is a deal that Liverpool can make happen, and owners FSG have long been opportunistic.
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