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The Reds will be defending the Premier League title next term, and have a summer transfer window to build their squad capable of challenging on multiple fronts.

The ECHO reported on Friday that Liverpool have agreed a deal with Bayer Leverkusen for the signing of Florian Wirtz.

The deal is understood to be worth a total of £116million, with a £100million initial fee plus £16million in add-ons.

The arrival of Wirtz would significantly increase the overall market value for the Liverpool squad going into next season.

Transfermarkt value Wirtz at €140million (£119million), which means the Reds have managed to agree a deal that is below the 22-year-old's current market value.

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The signing of Wirtz would be a third new addition to the Liverpool squad this summer.

Armin Pecsi has also been signed by the Reds with a market value of €800,000 (£680,000).

Liverpool will also welcome Giorgi Mamardashvili to their squad next season.

The Georgia international is currently valued at €30million (£25.5million) on Transfermarkt.

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There will also be some departures from the Liverpool squad compared to last season.

Trent Alexander-Arnold and Caoimhin Kelleher have both already left the club, with the duo having a combined market value of €95million (£81million).

Those changes to the Liverpool squad will see the squad's overall market value increase from €867.5million (£737.3million) up to €1.068billion (£908million).

This is before more potential departures from the Liverpool squad are confirmed.