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Hugo Ekitike is closing in on a big money move to Liverpool(Image: Getty Images)

Liverpool are closing in on the signing of Hugo Ekitike, with the striker set to earn Eintracht Frankfurt a huge fee that could exceed the €95million (£82.3m) they received when Randal Kolo Muani joined Paris Saint-Germain if all the add-ons are met.

The Ekitike deal will take Liverpool's spending spree this summer to around £300m, which would make it the second-highest in a single transfer window in English football history behind Chelsea's in the summer of 2023.

The Reds have already signed Florian Wirtz from Bayer Leverkusen for a British-record fee, while Milos Kerkez, Jeremie Frimpong, Giorgi Mamardashvili, Armin Pecsi and Freddie Woodman have also made the move to Anfield this summer.

Liverpool's spending comes just three years after former manager Jurgen Klopp claimed "no one can compete" in the transfer market with clubs like Manchester City, PSG and Newcastle, who are all state-owned.

"Nobody can compete with City," he said in October 2022.

I know City will not like it, nobody will like it.

READ MORE:Transfer news LIVE: Man Utd 'to hijack' Arsenal's Gyokeres move, Liverpool strike Ekitike deal, Chelsea latestREAD MORE:Hugo Ekitike to Liverpool transfer imminent after reaching another massive agreement

"You've asked the question but you know the answer.

We cannot act like them.

Congratulations, but other clubs have ceilings."

Jurgen Klopp previously claimed that Liverpool could not compete with the likes of Manchester City and PSG in the transfer market(Image: PA)

When Klopp left Liverpool in 2024, the Reds had the lowest net spend among the 'Big Six' clubs and they made just one signing in Arne Slot's first season in charge with Federico Chiesa joining from Juventus for around £12.5m.

However, things have clearly changed this summer as Liverpool look to build on last season's successes.

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