Gary Neville has praised Liverpool's "excellent business" in the transfer market this summer.

The reigning Premier League champions have spent in excess of £300million to refresh Arne Slot's squad with eight new signings arriving and more expected to follow with just over a fortnight of the window remaining.

Liverpool broke their club transfer record to sign attacking midfielder Florian Wirtz in a staggering $157.2million (£116m) deal, while landing Hugo Ekitike for $107m (£79m) and full-backs Jeremie Frimpong and Milos Kerkez for a combined $94.1m (£69.5m).

"To be fair to Carra [Jamie Carragher], he called it a long way through last season that Liverpool needed to sign players irrespective of whether they won the league or not," Neville said on Sky Sports.

Liverpool latest: Reds' transfer business goes past £300m	'Excellent business!' | Nev and Carra heap praise on Liverpool's signings!	Gary Neville makes feelings perfectly clear on Alexander Isak and Liverpool title chances

"They've obviously lost players.

They've been really calm in the transfer market and they seem to wait to get the right player and then really pounced this summer with probably one or two more still to come.

"It's looking like excellent business on paper with players with lots of years still in front of them as well."



Liverpool broke their transfer record to sign Florian Wirtz

Toon boss Eddie Howe confirmed the 25-year-old would not be part of the squad for their opening clash against Aston Villa on Saturday.

Liverpool has already seen a bid rejected by Newcastle who are holding out for $203.2m (£150m) for their star man.

Meanwhile Crystal Palace captain Guehi is also keen to complete a switch to Liverpool before the transfer deadline on September 1

Luis Diaz, Darwin Nunez, Jarell Quansah, Tyler Morton and Caoimhin Kelleher were all sold for sizeable fees.

Trent Alexander-Arnold left Liverpool at the end of his contract but the club still received $13.5m (£10m) for letting Real Madrid sign him early to compete in the Club World Cup
For more news relating to Newcastle United, visit our sister site NUFC Latest Live.