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But despite the spend tipping over $250 million, the Reds may not be finished — and nor should they be, with another important priority to address next.
Kerkez arrived today for $55 million (£40 million), while Jeremie Frimpong arrived earlier after Liverpool triggered a $41 million (£29.5 million) release clause.
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Liverpool agreed the deal last year, but it will only become official this summer, for a fee of up to $40 million (£29 million).
Throw in the fact that there has been no progress on extending his contract, which ends next summer, and you could easily make the case that Liverpool may even need two new center-backs.
The Quansah deal looks very good on paper — Liverpool has netted a very strong fee, while also securing a reasonable buy-back option.
Unlike Liverpool, Crystal Palace may feel unable to justify running the risk of losing him for nothing, given that it does not have the same commercial revenues on which to fall back.
Getting an established England international for a fee in a similar ballpark to the one Liverpool will net for Quansah, who has just 17 Premier League starts to his name, would go down as shrewd business.
Guehi and especially Isak would swing the pendulum again — but not to an outrageous extent, given how modestly Liverpool has spent in recent transfer windows.
So while it seems unreasonable at first glance, Liverpool does need to keep pushing on beyond the $250 million mark