Last month it emerged that Liverpool were seeking to complete deal for 21-year-old Brazilian Allan.
The Palmeiras academy graduate has already got more than 60 first-team appearances to his name - attracting attention from European teams including the Reds, Newcastle and Napoli.
Brazilian reports stated thatit would take around £30m to land the left-footer - who can play wide right as well as in the centre.
Although the promising talent is by no means the finished product it appeared as though Michael Edwards, Richard Hughes and Co. had seen enough to be convinced.
The trail has admittedly gone cold on Allan in the last few weeks - but nowa crucial update has come out of Palmeiras.
Palmeiras to offer new contract to Allan
The Brasileiro giants are seeking to tie down their young talent to a new contract - extending his terms at the Sao Paolo-based club to 2030.
This could well have an impact on Liverpool’s reported interest in Allan - as his price is likely to rise under a longer deal.
“Allan has a contract until 2029, it's true, but the board's intention behind the scenes is to ward off strong interest from European clubs,” the report from Somos Fanaticos reads.
“Therefore, the São Paulo club should officially announce the contract renewal until 2030 in the coming days.”
Allan: Situation summary
Allan Andrade Elias is a 21-year-old left-footed attacking midfielder/winger for Palmeiras, usually operating from the right side but comfortable across the front line and in midfield.
He is 175cm tall, wears shirt number 40 and has already featured regularly in Serie A, Paulista, Libertadores and the Club World Cup, collecting domestic and youth titles with Palmeiras.
A “Cria da Academia”, he rose through Palmeiras’ U20s, winning Paulista and Brasileiro U20 honours before being integrated by Abel Ferreira in 2023–24 and establishing himself as a first-team factor by the end of last season.
By early 2026 he had over 60 senior games and double‑digit goals for the club, with his pace, 1v1 ability and productive Paulista showings helping him become a regular difference-maker in the final third.
Palmeiras consider him a key asset and have moved to extend his deal from 2029 to 2030 on improved terms, after rejecting bids in the €30–35m range from Napoli and amid monitoring from Premier League clubs.
European interest is driven by his age, versatility across the front line, left-footed profile on the right, experience in high-pressure South American fixtures and a long contract that signals both quality and resale potential.