Liverpool's Barcola Pursuit and Arsenal's Alvarez Gamble
Liverpool’s search for width has turned into one of the window’s defining sagas. Bradley Barcola sits at the heart of it.
Liverpool push for Barcola – and weigh up Gakpo sacrifice
Fresh talks with Paris Saint-Germain have given Liverpool renewed hope of landing Barcola, with figures inside the French club now expecting the winger to leave before the window shuts. The price, though, is brutal: PSG’s Qatari ownership want well over £110m for the France international, a fee that already scared Arsenal off.
Liverpool’s interest has not cooled. Their need out wide is obvious. Two bids for Brighton’s Yankuba Minteh have already been rejected, yet the club remain determined to add pace and penetration on the flanks.
To make Barcola possible, something has to give. That “something” might be Cody Gakpo. Manchester City retain an interest in the Dutch forward, while Tottenham have also been linked. Any major sale there could help fund Liverpool’s swing at Barcola, turning the deal into part of a wider market chain.
Behind it all sits a bigger structural issue. Richard Hughes and Liverpool’s hierarchy know the squad is too thin and oddly built. Multiple positions need attention, the budget does not stretch far enough, and every pound spent on a winger leaves another leak unplugged elsewhere. The club’s customary early-September review, held just after the window closes, will be dominated by that dilemma.
Arsenal chase Alvarez to crown title defence plans
Arsenal, busy and efficient all summer, are trying to finish with a flourish. Julian Alvarez is their chosen statement.
The Atletico Madrid forward is now open to a move to north London, having initially preferred Barcelona. Arsenal see him as the final piece in a forward line designed to defend their Premier League crown, a versatile attacker who can play through the middle or off the front.
The pursuit is complicated by the dominoes around him. Atletico’s own plans at centre-forward, and the future of other strikers on the market, are feeding into what has already become a drawn-out saga.
City rip up their midfield – and eye Enzo again
Across Manchester, City are reshaping their squad with a ruthlessness that matches their spending.
A €100m agreement with Lille for Ayyoub Bouaddi underlines the scale of their midfield rebuild. The 18-year-old Morocco international will become the third most expensive signing in the club’s history, behind only Jack Grealish and £116m man Elliot Anderson. City will pay €95m up front, with a further €5m in add-ons.
Bouaddi arrives as part of a sweeping overhaul after the exits of captain Bernardo Silva, Rodri and Tijjani Reijnders. City are not done. They are interested in Gakpo, and could yet revive a move for Chelsea’s Enzo Fernandez, a transfer that would instantly become one of the summer’s blockbusters.
One big deal has already gone out the door. Savinho has joined Tottenham in an £85m move that makes him City’s record sale. Spurs will pay £75m initially, £5m in guaranteed add-ons and a further £5m potentially to follow. The Brazilian winger becomes one of the three most expensive players in Tottenham’s history, alongside Sandro Tonali and Mateus Fernandes, and pushes their summer spend past £300m.
Chelsea cash in, Forest break their record
Chelsea’s own churn shows no sign of slowing.
Nottingham Forest have agreed a club-record £50m fee for striker Liam Delap. Signed for £30m from Ipswich, Delap never convinced at Stamford Bridge, scoring just two goals in 41 appearances and losing the No 9 role to Joao Pedro. Chelsea will bank a £20m profit, with the 23-year-old due for a medical on Wednesday.
Another forward, Nicolas Jackson, is also edging towards the exit. Atletico Madrid have held talks over a loan with an obligation to buy, though Chelsea would rather a straight sale as they try to clear space and wages. Aston Villa are in the frame too, with a £65m package under discussion.
Jackson’s future feeds directly into the Alvarez story. If Atletico secure the Chelsea striker, it would smooth Alvarez’s departure – with both Barcelona and Arsenal hovering.
Chelsea, for their part, are open to bringing in a versatile attacker if they complete enough outgoings. Marcus Rashford has been mentioned as one option on their radar.
Newcastle move fast after Guimaraes exit
Newcastle United, stripped of midfield leadership with Bruno Guimaraes and Sandro Tonali both gone, have turned to Manchester City for a replacement.
They have agreed a £52m deal for Nico Gonzalez, who is undergoing a medical and is set to become their biggest signing of the summer. Newcastle will pay £48m up front with £4m in add-ons, giving City a small profit on a player they bought from Porto for £49m in January 2025.
At just 24, Gonzalez will still be the oldest arrival at St James’ Park this summer as Newcastle look to inject experience into a younger squad reshaped by high-profile departures.
United complete midfield rebuild and eye Balde
Across the city, Manchester United have already finished their own midfield surgery.
Carlos Baleba has joined from Brighton for an initial £65m, with a possible £5m in add-ons, taking United’s midfield spend this season to £148m. The Cameroon international has signed a five-year deal and believes he can kick on under Michael Carrick, who has now secured a trio of central options to reshape the engine room.
Attention has swung to left-back. Alejandro Balde has decided he wants to leave Barcelona, according to Spanish outlet Marca, after Joao Cancelo’s arrival and his omission from the squad to face Elche. United are frontrunners for the 20-year-old but prefer a loan rather than the permanent deal that had been discussed earlier in the summer.
If they can pull it off on their terms, United would emerge from the window with a rebuilt midfield and a high-upside solution at full-back, all while keeping some powder dry.
Villa braced for Watkins exit and Martinez questions
Aston Villa, meanwhile, are living with the unease that comes when your best players vanish from the teamsheet.
Ollie Watkins and Emi Martinez were both absent from the matchday squad, fuelling talk that exits are close. Watkins, in particular, looks on the brink of a move to Saudi Arabian side Al-Hilal. For a club and a striker who elevated each other over recent seasons, the manner of his departure threatens to cloud his legacy at Villa Park.
Villa are also considering Nicolas Jackson as a potential incoming, a move that could only add to the chain reaction stretching from Birmingham to Madrid, London and beyond.
With a week of the window left, every deal now feels connected. One striker in, another out. A winger sold to fund a marquee buy. A teenager signed for €100m to anchor a new midfield.
The market is moving at full speed. The question is who blinks first – and who is still standing when the last domino falls.
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