Liverpool summer transfer window 2025: Top targets, budget, most likely signings and priority positions

Liverpool secured a record 20th top-flight title in the 2024-25 Premier League season, and the Reds have shown their intentions to defend that crown throughout this summer.

After the departure of Jurgen Klopp, most fans were expecting a quiet and steady debut campaign under new boss Arne Slot, but the former Feyenoord man bested both Pep Guardiola and Mikel Arteta at the first time of asking to claim the crown.

Adding to the surprise of Slot's success was the fact that the Merseysiders made just one signing last year, bringing in Federico Chiesa as a backup forward in a cut-price deal from Juventus, and the Italian winger made only one start in the league.

This time around, led by Michael Edwards and sporting director Richard Hughes, the Reds have made a number of high-quality additions, with Jeremie Frimpong, Milos Kerkez, Hugo Ekitike, Florian Wirtz and Giovanni Leoni all making the switch to Anfield, and even more incomings expected on deadline day.

News broke last night of a £125m agreement between Liverpool and Newcastle United for the transfer of Alexander Isak, while Crystal Palace have received a bid of £35m from the champions for centre-back Marc Guehi.

Here, Sports Mole considers Liverpool's top targets, budget, most likely signings and priority positions for the 2025 summer transfer window.

Liverpool's top targets for 2025 summer transfer window

Following the exit of right-back Trent Alexander-Arnold, Liverpool decided to bring in Bayer Leverkusen wing-back Frimpong, and they have also replaced left-back Andrew Robertson this summer with Bournemouth defender Kerkez.

Slot has frequently praised Paris Saint-Germain for their use of attacking full-backs, and the Dutchman may want to replicate the French side's offensive approach.

Elsewhere, the Reds have completed a club-record deal for ex-Bayer Leverkusen attacker Wirtz, who has signed for an initial £100m potentially rising to £116 if all add-ons are hit.

Liverpool then turned their attention to the addition of a new big-money number nine, with the Premier League champions snatching Eintracht Frankfurt's Ekitike from the clutches of Newcastle for an initial fee of £69m.

The Reds also brought in 18-year-old centre-back Leoni from Parma for £26m with a view to him being the heir to Virgil van Dijk, and they remain in the market for more defensive cover on deadline day as the club continue negotiations for Crystal Palace captain Guehi.

The Merseysiders' pursuit of Newcastle striker Isak has been the transfer saga of the summer, and it looks set to finally draw to a close.

Liverpool's budget for 2025 summer transfer window

Liverpool's transfer budget has been the talk of the football sphere this summer, as while the Reds' total expenditure looks set to exceed £400m, they have stayed comfortably within financial regulations.

The Premier League champions are aided by the fact that Slot spent just £12.5m during his first window at the club, as well as the fact that they topped the Champions League's league phase and won the English top flight in 2024-25.

Adding onto those income sources, Liverpool started a lucrative new kit deal with Adidas, as well as selling a number of stars both high-profile and non.

For example, Darwin Nunez made the switch to Saudi Pro League side Al-Hilal for a fee that could rise to £56m, while Luis Diaz joined Bayern Munich for a sum in the region of £65.5m.

Caoimhin Kelleher's exit to Brentford, Ben Doak's exit to Bournemouth and Jarell Quansah's exit to Bayer Leverkusen have also boosted the coffers.

Elsewhere, Tyler Morton was sold to Lyon for just under £10m, and Harvey Elliott could yet be sold on deadline day amidst interest from RB Leipzig, as Liverpool hold out for £50m for the versatile 22-year-old attacker.

Liverpool's most likely signings for 2025 summer transfer window

The majority of Liverpool's business this summer has been focused in attacking areas, and the Reds' frontline-first spending is set to continue on deadline day with Isak expected to finally complete his move to Anfield.

With an agreement in place with both Newcastle and the player's camp, the Swedish striker should arrive on Merseyside to complete his medical and media duties before being announced on Monday.

At the opposite end of the pitch, Palace centre-back Guehi could also follow him through the doors to reinforce Slot's defence as the club seek to sign just their second centre-half since the arrival of Ibrahima Konate in 2021.

There has also been talk of Elliott leaving before the deadline, and if he does, then another forward signing cannot be ruled out.

Aston Villa have been credited with an interest in the former Fulham youngster, and given that Liverpool are known admirers of Morgan Rogers, a sudden deal - though unlikely - could potentially emerge at the last minute.

Liverpool's priority positions for 2025 summer transfer window

Liverpool currently have just four specialist senior forwards on the books, and given that Chiesa's minutes are limited, adding another striker on top of Ekitike is a must.

Reds fans will be pleased that the Isak saga is - at last - reaching a conclusion, and his impending arrival makes Slot's attacking unit arguably the most dangerous in Europe.

Elsewhere, Liverpool replaced both full-backs in one summer, but with Konate into the final year of his contract and ominously linked to Real Madrid, a new centre-back will be high on the list of priorities.

Guehi seems to be fulfilling this need, and even if Konate puts pen to paper on a new deal, the England international can play in a variety of positions and would still be an excellent replacement for Quansah.