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Liverpool prepare 2nd Isak bid after Newcastle rejection

Liverpool are preparing a second bid for Alexander Isak after seeing their first offer rejected by Newcastle United, according to reports.

NEWCASTLE UPON TYNE, ENGLAND - NOVEMBER 02: Alexander Isak of Newcastle United celebrates scoring his team's first goal during the Premier League match between Newcastle United FC and Arsenal FC at St James' Park on November 02, 2024 in Newcastle upon Tyne, England. (Photo by Stu Forster/Getty Images)
Photo by Stu Forster/Getty Images

David Ornstein broke the news for The Athletic on Friday afternoon that Newcastle United had rejected an official bid from Liverpool for Alexander Isak.

Liverpool had already previously made an informal approach, but they’ve now formalised their interest with an offer.

Newcastle have tried to get Isak to extend his contract, they’ve encouraged him to stay through his teammates, and they’ve offered him a release clause option for next summer. But the player remains keen to leave, despite his club’s stance that he’s not for sale.

Newcastle United's Swedish striker #14 Alexander Isak reacts after they concede their third goal during the English Premier League football match between Newcastle United and Manchester City at St James' Park in Newcastle-upon-Tyne, north east England on January 13, 2024. Man City won the game 3-2. (Photo by OLI SCARFF/AFP via Getty Images)
Photo by OLI SCARFF/AFP via Getty Images

In terms of the value of Liverpool’s opening bid, Fabrizio Romano reported that it’s a £120m package, but Sky Sports News claim the initial offer was £110m plus less than £10m of add-ons.

Sky add that Liverpool are already preparing a second formal offer, so they clearly haven’t given up on the signing just yet.

As it stands, Isak is not taking part in Newcastle’s pre-season preparations. Officially, he has a minor injury, but Ornstein reports that his absence is his choice, not a decision imposed on him by the club medics.

NEWCASTLE UPON TYNE, ENGLAND - MARCH 02: Alexander Isak of Newcastle United in action during the Emirates FA Cup Fifth Round match between Newcastle United and Brighton & Hove Albion at St James' Park on March 02, 2025 in Newcastle upon Tyne, England. (Photo by Stu Forster/Getty Images)
Photo by Stu Forster/Getty Images

Arsenal had shown an interest in Isak in the past, but the Gunners moved on to other targets, seemingly under the impression the Sweden international wasn’t available this summer.

That may still turn out to be true, with little evidence that Newcastle are ready to accept a sale. The only information that points in that direction is that the club have started to pursue striker signings of their own, such as Benjamin Sesko and Yoane Wissa.

Neither transfer is on the verge of completion, nor even particularly close. Brentford don’t want to sell Wissa and RB Leipzig have set a high asking price for Sesko, with Newcastle facing competition from Manchester United on that front.

LEIPZIG, GERMANY: Benjamin Sesko of RB Leipzig looks on during the Bundesliga match between RB Leipzig and VfB Stuttgart at Red Bull Arena on May 17, 2025. (Photo by Maja Hitij/Getty Images)
Photo by Maja Hitij/Getty Images

On top of that, Newcastle’s valuation of Isak is supposedly £150m. Even if he does turn out to be available, Arsenal would have had to spend almost their entire transfer budget just for that one signing.

Some fans may say it would have been worth it, but the club has rarely operated that way in the past.

The Gunners certainly aren’t in the race anymore, and it’s just a question of whether Newcastle buckle and sell to Liverpool or not.

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