Liverpool look set to continue the trend of spending big in summer transfer windows.
2025 saw a £400m-plus outlay on players like Alexander Isak, Florian Wirtz and Hugo Ekitike.
In the remainder of the January transfer window, Liverpool could make another signing to feature in the second half of 2025/26.
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At present, though, it looks likely that the Jeremy Jacquet deal will be the only major talking point on Deadline Day.
CHANGE MY MIND: This WILL be Liverpool’s best XI after Jacquet arrives!
Isak HAS to play and wing-backs will give Slot the pace he’s been crying out for…
Liverpool's 2026/27 predicted XI - GRV Media line-up
Liverpool’s 2026/27 predicted XI – GRV Media line-up
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The centre-back is expected to arrive in June 2026 for a fee of around £55m plus £5m in add-ons.
How Jeremy Jacquet transfer impacts Liverpool’s finances
After the Jacquet deal was all but confirmed, we spoke to finance expert Adam Williams to get an insight into how the stopper’s arrival will impact the Reds from a financial perspective.
His addition will take Liverpool’s spending within a 12-month period to around the £500m mark.
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But as Williams explained, the Merseyside outfit are in good shape, even if they fail to qualify for the Champions League this season, and still have the capacity to ‘go big’ in the summer of 2026.
He said: “There are a few different elements we need to consider where Liverpool are at financially in relation to the money that they’ve spent this season.
“On a net basis, they’re somewhere around £250m in the red. In recent years, FSG have preferred to front-load transfers, i.e. they rely much less heavily on instalments than many of their rivals. Per their last set of accounts, they only owed £128m. For context, that was around quarter of what Chelsea owed. All of the Big Six owed more, as did West Ham, Leeds, Newcastle and Wolves. In 2024-25, a few other clubs will have overtaken them too. So they had a lot of flexibility in that department, and I suspect that they will have funded their transfers this season through debt. Otherwise, they would probably have had to go deep into their revolving credit facility, which essentially functions as an overdraft.
“With the structure of the Jacquet deal, it probably reflects that A) they are content to wait from a sporting point of view and B) that delaying the start of the payments suits them from a financial perspective.
“In terms of PSR, Liverpool have got a lot of headroom once you add back allowable investment in infrastructure, the women’s team, community, the academy and so on. They have never been in any danger there, so the timing of the Jacquet deal isn’t significant there. They are a little tighter on UEFA’s Squad Cost Ratio rules, yes, but looking at the figures from the Deloitte Football Money League, I don’t anticipate any real problems there either.
“So from a cash point of view they are fine, just as they are from a PSR perspective. Even if they miss out on the Champions League next season, their core revenue plus their relative frugality 2024-25 means that they will be able to go big again in the summer, if FSG sanction the investment.”
Make a bold prediction about Liverpool’s exciting new defensive duo 👇
Giovanni Leoni poses at the AXA Training Centre after signing for Liverpool (Credit: Getty Images/Nikki Dyer - LFC).
Jeremy Jacquet celebrates after scoring for France U19 in the European Championship against Northern Ireland (Credit: Getty Images/Ramsey Cardy - Sportsfile/UEFA).
Photo Credit: Getty Images/Nikki Dyer/LFC/Ramsey Cardy – Sportsfile/UEFA
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Who else could Liverpool sign in the summer?
With a new centre-back now secured, a right-back addition could be on the cards later this year.
However, recent reports suggest Liverpool’s chances of signing Givairo Read in the summer are low.
Elsewhere, Kees Smit continues to be linked, with the midfielder potentially set to move in the next window.
Further forward, Yan Diomande has expressed his desire to play for Liverpool amid links to the current Premier League champions.
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