Liverpool are close to wrapping up the signing of Bayern Munich midfielder Thiago Alcantara.

The Times report an initial fee of £20 million has been agreed, plus a further £5 million linked to bonuses.

This is great value for the Spanish international, who was recently crowned a Champions League winner for the second time in his illustrious career.

At 29, Liverpool have secured a player whose peak years are still ahead of him and one who is versatile, hard-working and who can change the tempo and make the tempo of a game bend to his will.

Most interestingly, his signing could keep the door open for other potential arrivals at the club.

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FBL-GER-BUNDESLIGA-BAYERN MUNICH-TRAINING

Bayern Munich’s Spanish midfielder Thiago Alcantara smiles during the first season training session of the German first division Bundesliga team FC Bayern Munich at the team trainings ground in Munich, southern Germany, on September 11, 2020. (Photo by Christof STACHE / AFP) (Photo by CHRISTOF STACHE/AFP via Getty Images)

Liverpool get their man

Liverpool didn’t have a midfield alternative to Thiago, so the fact that the club got their man is a huge statement of intent from the Premier League champions.

The Times reported that all negotiations are close to being finalised for the former Barcelona maestro, who is expected to sign a four-year deal and wear the No 6 jersey recently left vacated by Dejan Lovren.

Thiago is a signing of such outstanding value that it allows Liverpool the financial room to sign other players as well with a number of departures expected in the coming weeks.

According to The Mail, Liverpool have agreed to allow striker Rhian Brewster to leave the club on a permanent basis which could generate funds of up to £20 million.

Bayern were resolute in their financial stance for Thiago and Liverpool’s approach to negotiate patiently ensured the club were able to pay the Spaniard’s fee in instalments rather than upfront.

This means that Liverpool will only have to commit £20 million over a four-year period for Thiago.

There is still a long way to go in the transfer window, but as the Thiago negotiations have shown, developments can move rapidly once Liverpool start moving.

Liverpool Training Session

LIVERPOOL, ENGLAND – SEPTEMBER 10: (THE SUN OUT, THE SUN ON SUNDAY OUT) Rhian Brewster of Liverpool during a training session at Melwood Training Ground on September 10, 2020 in Liverpool, England. (Photo by Andrew Powell/Liverpool FC via Getty Images)

Players sales help too

Liverpool could still look to add further to both Thiago and Kostas Tsimikas who signed from Olympiacos last month, and player sales can help.

The likes of Harry Wilson, Marko Grujic, Xherdan Shaqiri and Brewster will be available and Liverpool can hopefully claw back funds.

This could allow for a third or even fourth signing on top of Thiago, dependent on the state of Liverpool’s finances.

According to The Athletic, Klopp is still adamant he would like to see one or two signings brought into the club so if a few outgoings begin to materialise we could potentially see an addition or two in key areas such as central defence as well as another attacking option.

Even if Liverpool do not sign any more players, however, the fact that the club got the most highly anticipated and reported deal of the summer over the line still represents a fantastic window.

That’s what makes the Thiago deal so good. He is a world-class player who immediately improves the team and adds competition to a number of positions, and does not take up the entire budget.

There is room at the club for similarly priced deals, and if sporting director Michael Edwards can conjure up some more magic in the remaining weeks of the window then considering the addition of Thiago, anything is possible.

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