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.

Newcastle United have rejected an opening offer from Liverpool for striker Alexander Isak. The Magpies value the Sweden international at about £150m, with the Reds' offer falling below that figure. There has been no confirmation as to the level of Liverpool's bid but there are reports it is worth £110m plus add-ons.