Wirtz is the most high-profile situation in the market right now; Liverpool’s proposal was worth up to a club-record €130million (£109m; $148.5m) — comprised of a guaranteed fee plus potential add-ons — and may yet increase. A long-term target for Liverpool, Wirtz is their first choice and the only player they have made a bid for in his position.

Real Madrid has confirmed the signing of defender Trent Alexander-Arnold in time for the Club World Cup after paying a reported fee of up to 10 million euros ($11 million) to Liverpool.