Liverpool have had a £110m bid for Alexander Isak rejected by Newcastle United and do not intend to submit a second offer for the Sweden international in the current transfer window.
The offer, which was the first formal approach from the Merseyside club, fell short of the £120m figure suggested when Liverpool's sporting director Richard Hughes made an informal enquiry a fortnight ago. Newcastle value Isak at £150m, a British transfer record, and are reluctant to sell the 25-year-old, who was the Premier League's second highest scorer last season.
Liverpool were encouraged to step up their pursuit by Isak's desire to move to Anfield, but the swift rejection has led the club to consider a new bid futile. Despite having spent almost £300m this summer and recouped £190m in sales, Liverpool's current transfer record stands at £100m for Florian Wirtz, which could rise to £116m with add-ons.
Isak, who has three years remaining on his contract, did not travel on Newcastle's pre-season tour and has been training with his former club Real Sociedad. Newcastle have been active in the striker market, missing out on several targets, while Eddie Howe oversees recruitment following Paul Mitchell's departure as sporting director.
