Liverpool have reached an agreement in principle with Paris Saint Germain to sign forward Bradley Barcola, with the clubs agreeing terms overnight on a package worth around £120 million, of which more than £100 million is guaranteed.
Sporting director Richard Hughes, chief executive Billy Hogan and Fenway Sports Group president Mike Gordon have been leading negotiations for Liverpool, with PSG president Nasser Al Khelaifi handling talks on the French side, as the final details of the deal continue to be finalised.
Nothing has been signed yet, and the transfer is still to be completed, though the move could carry knock on consequences for Cody Gakpo, who has drawn repeated interest from Tottenham Hotspur and Manchester City throughout the summer window.
Liverpool and PSG held key discussions earlier in the week aimed at bringing clarity to the proposed deal, with Barcola understood to be fully committed to a move to Merseyside.
He emerged as the club's primary target to replace Mohamed Salah this summer, with an opening bid reported to have been in preparation as far back as late July.
Barcola still has two years remaining on his PSG contract but had made clear he had no intention of extending his stay, and was omitted from the matchday squad for the club's Ligue 1 opener, a 2-2 draw against Rennes.
Predominantly a left sided winger capable of switching flanks, the France international found himself competing for minutes with Khvicha Kvaratskhelia and Desire Doue last season, often appearing from the bench during PSG's run to a second successive Champions League title under Luis Enrique.
Despite the competition, Barcola made 49 appearances for PSG in the 2025-26 campaign, contributing 13 goals and seven assists as the club retained the Ligue 1 title alongside their European success.
He has scored 39 goals and provided 37 assists in 152 appearances since establishing himself in the first team from the 2021-22 season onward.
The Lyon academy graduate was also a regular for France at this summer's World Cup, featuring in all eight matches and scoring three times as Les Bleus reached the semi finals.
The proposed fee, which could rise as high as €140 million, would make Barcola Liverpool's second most expensive signing behind Alexander Isak and the most costly transfer involving a Ligue 1 club in the competition's history.
Liverpool have prioritised strengthening their wide areas following Salah's departure at the end of last season, having already brought in Spain winger Victor Munoz from Osasuna earlier in the window.
Barcola would represent a statement addition for new head coach Andoni Iraola, offering a direct and pacy outlet as the club looks to move on from a disappointing campaign that ended in a fifth placed Premier League finish and the sacking of former manager Arne Slot.
Liverpool opened this season with a 2-2 draw away at Newcastle, a result that leaves supporters eager for fresh momentum heading into the coming weeks.
PSG, meanwhile, have been similarly active in the market under Luis Enrique, offloading Goncalo Ramos, Randal Kolo Muani and Lee Kang In while bringing in Maghnes Akliouche, Ferran Torres and Lucas Digne.