The two clubs were close to doing business last summer – could that be the same case this time around?
Liverpool and Newcastle United could be on the verge of revisiting unfinished business this summer.
It was barely a year ago when a double deal between the two clubs was reportedly within touching distance. Anthony Gordon to Anfield for £75 million. Joe Gomez the other way, with a £45 million valuation. The paperwork? Almost ready. A medical? Rumoured to have been discussed. But in the end, it all collapsed.
Fast forward to 2025, and there’s a sense of déjà vu in the air.
Liverpool’s long-standing admiration for Gordon hasn’t gone anywhere. The Scouse winger is still viewed as a natural successor on the left flank, especially with Luis Diaz edging toward the Anfield exit. Meanwhile, Newcastle’s eyes have turned toward Harvey Elliott — a player with obvious talent, an impressive U21 Euros campaign, but limited minutes under Arne Slot.
And of course, there’s the big one: Alexander Isak.
Liverpool fans have long salivated over the idea of Isak leading the line at Anfield. He’s elegant, physical, and lethal — everything you want in a modern No. 9. But Newcastle know exactly what they have. The reported price tag? £150 million. If that’s real, then any conversation with Liverpool starts from there.
Still, the door isn’t locked shut. If there was genuine willingness from both clubs to make deals last summer, there’s no reason they can’t sit down again. Especially with both squads still carrying players that suit each other’s plans.
And let’s not forget Newcastle’s financial tightrope. The club’s ongoing battle with the Premier League’s Profit and Sustainability Rules (PSR) remains an underlying factor. Amanda Staveley’s recent sale of her shares wasn’t just a business move — it was a necessity to keep the club compliant. That alone shows Newcastle may need to be flexible with outgoings if they want to bring in new faces.
There’s also something interesting about the names involved. Elliott is young, homegrown, and carries resale value. Joe Gomez is versatile and experienced. Gordon and Isak are stars who would walk into most teams in the league. It’s a web of talent, and both sides know what the other can offer.
Would a multi-deal package like last summer’s flirtation work this time? Possibly. A mix of player sales and strategic purchases could help both clubs balance their books and reshape their squads for the season ahead.
This might not be your usual bidding war. It could be a chess match, played out quietly between two of England’s most ambitious clubs — and if the right pieces fall into place, we might just see a blockbuster deal or two get over the line this time.