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Almost completely offsetting that cost, winger Ben Doak is set to head out of Anfield to join Bournemouth.
But with just over a fortnight until the transfer window closes, Liverpool's business may not stop there, with more arrivals expected on Merseyside - with the futures of Alexander Isak and Marc Guehi still up in the air.
Reds land Leoni amid Guehi update
Liverpool's new 6ft 4ins centre-back Giovanni Leoni has arrived at Anfield.
The 18-year-old completed his $35.2m (£26m) switch and said: “It’s a really great sensation and I’m honoured to be here.
Liverpool have signed Giovanni Leoni from Parma.
"So I know that at any time of any day, things can happen."
Guehi is expected to start Palace's opener at Chelsea on Sunday, however, with a deal seemingly still no closer at this stage.
Liverpool.com says: Leoni looks a great addition and will help provide necessary back-up while offering plenty of potential for the future.
Doak heading for Bournemouth
Liverpool winger Ben Doak is joining Bournemouth in a $33.8m (£25m) deal.
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Alexander Isak will not play for Newcastle against Aston Villa
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