Record £120m Liverpool bid for Isak stalls amid Newcastle resistance

The Magpies have consistently maintained that the Swedish forward is not for sale, despite growing interest from Anfield. Should the offer be formally tabled, it would represent one of the most significant moves in British transfer history.

More than just a show of financial muscle, Liverpool's pursuit of Isak signals a shift in Premier League dynamics, with Newcastle's reluctance to sell reflecting their post-takeover strategy.

Since the Saudi-backed acquisition in 2021, the club have prioritised long-term squad cohesion over short-term profit, in contrast to the more traditional 'sell-to-buy' approach employed by clubs like Aston Villa.

The situation is further complicated by Newcastle's recent failed attempt to sign Hugo Ekitike. A £70 million bid was reportedly rejected by Eintracht Frankfurt, who value the Frenchman closer to £85 million.

Should Liverpool redirect their focus towards Ekitike, it could spark a transfer domino effect that leaves Newcastle scrambling to reinforce their frontline before the new season.

With both clubs holding firm on their positions, the coming weeks could prove pivotal. Liverpool's readiness to spend big underscores their ambition under Arne Slot, while Newcastle's stance may be tested if interest elsewhere continues to mount — especially with pre-season already underway.