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 have rejected a formal offer from Liverpool for centre-forward Alexander Isak. Isak wants to leave Newcastle this summer and has been training at his former club, Real Sociedad, while Eddie Howe’s squad are in South Korea as part of their pre-season tour of Asia.