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Harvey Elliott acknowledges the Liverpool fans on the last day of the Premier League season(Image: Liverpool FC/Liverpool FC via Getty Images)

With the significant additions that have arrived at Liverpool already this summer, the Reds are likely to look at who heads out the exit before the entrance when it comes to their next moves.

With some £200m shelled out already, that’s hardly surprising.

In came Florian Wirtz for a British transfer record fee of £116m, while Milos Kerkez and Jeremie Frimpong have also arrived.



Goalkeepers Giorgi Mamardashvili and Armin Pecsi also count as summer arrivals for 2025.

Liverpool have plans for more business, and while they have the financial wherewithal to go out and conduct their business from a PSR perspective, they want to have some cash through the door and free up some wage bill room before their next manoeuvres.

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With Jarell Quansah having completed his £35m switch to Bayer Leverkusen this week, and Caoimhin Kelleher having already departed in an £18m sale to Brentford, Liverpool could still see more depart.

Harvey Elliott has been a player who has been linked with an exit from the club this summer, with the 22-year-old believed to be open to seeking more regular first team football having found his involvement less frequent last season under Arne Slot.

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Liverpool are, according to The Athletic, open to a potential sale of the England under-21 international, with the asking price reported to be £40m with a buy-back clause, or £50m without one included.

With those figures in mind, Liverpool would book a healthy profit on Elliott at both price points after he arrived at the club in 2019 as a 16-year-old from Fulham.

The fee was determined by a tribunal, set at £1.5m guaranteed rising to £2.8m with add-ons.

That £1.5m guaranteed sum has now been pretty much fully amortised on Liverpool’s balance sheet, meaning that Elliott holds no book value, so a sale at £40m or £50m would represent pure profit for the club.

At the higher end, an Elliott sale would take transfer receivables to almost £100m, almost halving the outlay in the market so far.

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But while net spend may be something Liverpool want to keep to as low a level as they can, they will know they need to spend more to replace outgoings as they will need a squad deep enough to cope with the rigours of the Champions League and a Premier League title defence.

But they can expense those outlays over time, although they need cash through the door to meet the actual physical transaction of money.

Selling players with no book value provides them with the maximum profit, with the likes of Tyler Morton potentially falling into that bracket to take incomings past £100m.