Liverpool transfer news recap: Record-breaker target, 'huge budget'

Here's our Liverpool transfer news recap for Wednesday 7th February 2024. The Reds want an incredibly promising young talent.

This is essentially the quietest part of the entire season for transfer news - right after the winter window has ended. But that isn't to say Liverpool aren't preparing some big moves.

The Reds have the summer to worry about and it's a particularly complicated one this time around. Jurgen Klopp will leave the club and it's not known what the new manager will want.

What they will want, though, is a record-breaking teenager and Liverpool have one of those lined up. There's also talk of a potential budget for the new boss.

Here's our Liverpool transfer news roundup.

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Liverpool like Rigg

Liverpool like the look of 16-year-old Chris Rigg. The midfielder is proving to be a seriously impressive talent at Sunderland and could choose to move on in the summer.

Because he's not on the senior contract, Rigg is free to move wherever he wants. Any 'buying' club would need to pay a tribunal fee but that's likely to be a bargain compared to his talent.

Rigg is Sunderland's youngest-ever goalscorer, as well as the youngest to bag for any club in the EFL Cup. That has the likes of Bayern Munich, Manchester United, Chelsea and Liverpool looking at him, per the Sunderland Echo.

The Reds signed Harvey Elliott in similar circumstances in 20219 - Rigg could well follow in his footsteps.

Reds to back new boss

Liverpool are expected to provide a 'huge budget' to their new manager, according to one financial expert. The Reds have work to do in 2024.

Football finance expert Kieran Maguire has given his take on the finances at Liverpool this summer as they build around a new manager. Jurgen Klopp will leave Anfield at the end of the season, sparking the biggest change at Anfield since 2015.

Maguire believes Liverpool will have the resources to fully back their new boss - principally because of the smart spending under Klopp. There should be a budget that few in the 'top six' can compete with, in fact.

“When it comes to the transfer market, Liverpool have been one of the leading clubs when it comes to spending smart rather than spending big,” Maguire told Football Insider. “They have also been very good at generating money from player sales.

“Put those two factors together, and the new coach in the summer will inherit a huge budget thanks to their flexibility in terms of FFP. That isn’t necessarily matched by their rival clubs in the Big Six."