Liverpool has spent more heavily than ever this summer, committing over $100 million to two separate signings in Florian Wirtz and Hugo Ekitike, while also spending a significant amount on each of Jeremie Frimpong, Milos Kerkez, and Giorgi Mamardashvili.

And the Reds are seemingly not done there, with a deal to sign Alexander Isak for what would undoubtedly be a Premier League record fee also seemingly on the cards.

Luis Diaz's impending move to Bayern Munich is set to bring in one of the highest fees that Liverpool has ever received for a player, and that is largely why a deal to sign Isak is financially viable.



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The Reds have also already raised $74 million through the sales of Trent Alexander-Arnold, Caoimhin Kelleher, Jarell Quansah, and Diaz's departure is set to bring in an extra $86 million.

Darwin Nunez, Harvey Elliott, and Federico Chiesa are also facing uncertain futures at Anfield.

And it is not unreasonable to suggest that those three players could take the total value of Liverpool's summer sales to around the $300 million mark

But Liverpool's spend during the offseason has not only been made possible by summer sales — it has a lot to do with the Reds' shrewd activity over the last few years.

Observing the figures provided on Transfermarkt, we can see that between the start of the 2023 summer window and the end of the 2025 January window, Liverpool spent $250 million on transfers, while also recouping $125 million from player sales.

That's a net spend of just $125 million across four transfer windows, which is a relative pittance in Premier League spending terms, and is why the club is on such a strong financial footing to spend big this summer.

When this summer's activity is factored in, the net spend since the start of the 2023 summer window is just over the $400 million mark.



Alexander Isak could be next up for Liverpool

It remains to be seen exactly what that figure will look like when the transfer window closes, but it could well remain around that mark, even if Isak joins.

That's because the Diaz money, as well as any fees that the club might bring in for Elliott, Nunez, and Chiesa, would likely equate to a similar fee to what the Reds might have to pay for Isak.

Although Liverpool is also keen on a new center-back, with Marc Guehi a top target, so depending on what happens there, the total net spend could still increase.

Still, though, even if Liverpool's net spend ends up at between $400 million and $500 million, over a three-year period — which is what the Premier League takes into account when assessing a club's finances — that is not particularly high for a club of Liverpool's stature.