Below is a summary of the full article. Click here for the full version or go back to LFC Live.net

Additionally, a $40 million (£29 million) agreement was reached with Valencia last year for goalkeeper Giorgi Marmardashvili, who will physically make the move to Anfield this summer.

Kerkez is set to be the latest addition at Anfield, with the Hungarian international having flown to the UK today for a medical.

Furthermore, seven young players were confirmed to be leaving upon the expiry of their contracts when the club announced its retained list.

Jarell Quansah is set to join Bayer Leverkusen, while Nat Phillips has just been confirmed as having made a permanent move to West Bromwich Albion

That means there is plenty more time for sporting director Richard Hughes to continue his work behind the scenes.

Incoming transfers

Giorgi Mamardashvili - $40M from Valencia.

Jeremie Frimpong - $40M, from Bayer Leverkusen.

Armin Pecsi - $1.8M, from Puskas Akademia.

Florian Wirtz - $157M, from Bayer Leverkusen.

(All values inclusive of add-ons; initial price tags are lower).

Outgoing transfers

Trent Alexander-Arnold - $11.4M, to Real Madrid.

Caoimhin Kelleher - $24M, to Brentford.

Vitezslav Jaros - Loan, to Ajax.

Jakub Orjzynski - End of contract.

Dominic Corness - End of contract.

Reece Trueman - End of contract.

Lee Jonas - End of contract.

Louis Enahoro-Marcus - End of contract.

Harry Evers - End of contract.

Jacob Poytress - End of contract.

(All values inclusive of add-ons; initial price tags are lower).