Liverpool's Summer Transfer Market: Anfield's Late Activity Expected

Liverpool’s summer is not finished yet. Not by a long way.

That is the view of former Manchester City financial adviser Stefan Borson, who expects Andoni Iraola to oversee a flurry of late business at Anfield before the window shuts.

Anfield in flux

Liverpool have already moved early on some fronts. Jeremy Jacquet finally arrived after signing a pre-contract back in February, with Victor Munoz and Ronald Araujo also joining the squad on Merseyside.

Those signings have not settled the mood.

Ibrahima Konate, Andy Robertson and Mohamed Salah have all walked away as free agents, stripping experience, leadership and star power from three different lines of the team in one summer. For a fanbase already adjusting to a new era, the sense of unease around the upcoming season is obvious.

The pre-season results have not helped. Defeats to Leeds United and Monaco have underlined what many already suspected: this squad still needs work.

Barcola, Mbaye and the search for value

The loudest noise around Liverpool’s recruitment centres on Bradley Barcola. The PSG winger has been heavily linked, but the Champions League winners’ asking price is proving a major obstacle and has slowed any progress.

Liverpool have also been credited with interest in Ibrahim Mbaye, who is being viewed as a possible cheaper option compared to his French teammate. The profile is similar, the fee is not. For a club trying to reshape a squad in several areas at once, that difference matters.

Borson expects Liverpool to lean into that kind of market.

“There's then the clearing. I think you have a sort of clearing situation where the clubs are trying to get rid of their fringe players,” he told Football Insider. “Liverpool, presumably, are going to start being active in the market. You've got to think they're going to buy two or three players in the last couple of weeks.

“I still think there's a lot of business that's going to get done, but probably on the lower end, the sort of sub-£50million level.”

So not a single blockbuster to fix everything. More likely a cluster of targeted deals to plug gaps and rebuild depth.

Ins, outs and an uneasy countdown

The story at Anfield is not just about who arrives. It is also about who might still walk away.

Cody Gakpo has admirers at Tottenham Hotspur, even if it remains unclear whether Spurs will actually test Liverpool’s resolve with a formal bid. Alexis Mac Allister’s situation has also been discussed, his name regularly surfacing in conversations about possible departures.

Then there is Alisson.

The Brazilian goalkeeper was tipped earlier in the summer for a move to Juventus, a potential exit that would have detonated the spine of the side. Time, for now, is Liverpool’s ally. With just days to go before the new campaign kicks off, cashing in on their No.1 would be a huge gamble and, as things stand, a deeply unlikely one.

The picture is clear enough: Iraola’s first Liverpool squad is still being built on the fly. Key figures have gone, new faces are bedding in, and the club is working in that tense late-window zone below the £50million bracket, hunting value while trying not to lose any more pillars of the team.

The window will close soon. The questions around Liverpool’s readiness for the season will not – unless Iraola and the recruitment team get these next two weeks exactly right.