Liverpool will not lodge a second bid for Alexander Isak after their initial offer of £120million was rejected by Newcastle. The Premier League champions were keen on landing the Swedish centre-forward despite splashing £69m on Hugo Ekitike, whom they beat Newcastle to the signing of last month.

Liverpool are ready to launch a new, improved bid for Newcastle striker Alexander Isak, with the Reds set to go much closer to the Magpies' valuation.

Newcastle United have rejected an opening offer from Liverpool for striker Alexander Isak. The Magpies value the Sweden international at about £150m, with the Reds' offer falling below that figure. There has been no confirmation as to the level of Liverpool's bid.