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.

Newcastle United have rejected a formal offer from Liverpool for striker Alexander Isak, it has emerged. Liverpool made an informal approach to Newcastle last month to express an interest in signing Isak for around £120 million ($158.6 million), but the Magpies wasted little time in shooting down the proposal.