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The Reds will also welcome Giorgi Mamardashvili to Anfield as a competitor to Alisson in goal and have sold goalkeeper Caoimhin Kelleher to Brentford after waving goodbye to Trent Alexander-Arnold.
Milos Kerkez is the next target for the Liverpool board with a deal expected to be brokered with Bournemouth imminently.
Express Sport looks at how a dream 25-man Liverpool squad could look come the weekend of Saturday August 16...
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Signings
Having already signed Mamardashvili, Frimpong and Wirtz and with Kerkez also inbound, Liverpool still have two positions to address - centre-back and striker.
Defensively, Dean Huijsen was a target before the Bournemouth man opted to join Real Madrid for £50m.
One thing the Liverpool hierarchy will be acutely aware of is the need for homegrown players, with Kelleher and Alexander-Arnold gone and Jarell Quansah, Nat Phillips, Rhys Williams, Tyler Morton and Harvey Elliott all contenders to depart this summer.
Ekitike would be an exciting replacement for Nunez as the new focal point of the attack on L4.
Sales
As mentioned, Quansah, Williams, Morton and Elliott could all leave to bring down Liverpool’s homegrown tally.
The Reds would likely let Quansah and Elliott depart for fees around £40m while Morton is likely to be nearer £10m and only nominal fees will be needed to get Williams and Nat Phillips out of Anfield.
Elsewhere, with Kerkez arriving, the path is clear for Kostas Tsimikas to be a starter elsewhere.
By contrast, Trey Nyoni and Jayden Danns could be sent out to play regular men’s football for a year.
Liverpool’s dream 25-man squad
Goalkeepers: Alisson, Mamardasvhili, Davies*
Defenders: Frimpong*, Bradley*, Van Dijk, Konate, Gomez*, Colwill*, Kerkez, Robertson
Midfielders: Gravenberch, Mac Allister, Wirtz, Szoboszlai, Jones*, Endo, Bajcetic**, McConnell**
Attackers: Salah, Diaz, Ekitike, Jota, Gakpo, Chiesa
* - Homegrown player ** - qualifies as an U21 player
SIGNED: Mamardashvili, Frimpong, Wirtz, Kerkez, Colwill, Ekitike (£384m)
SOLD: Kelleher, Phillips, Williams, Quansah, Tsimikas, Morton, Elliott, Nunez, Doak (£210m)
LOANED: Jaros, Beck, Nyoni, Koumas, Gordon, Danns