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Transfer News LIVE: Man Utd £20m short, £25m Arsenal payment, Liverpool approach £135m ace

TRANSFER NEWS LIVE – Wednesday, July 3

– Manchester United have bid £20m short of Leicester’s world-record valuation for Harry Maguire

– Arsenal are working out an affordable payment structure to fund a deal for Kieran Tierney

– Liverpool have made an approach for Barcelona winger Ousmane Dembele

Loftus-Cheek agrees long-term stay

Chelsea midfielder Ruben Loftus-Cheek has reportedly agreed to a new deal at the club worth £150,000-a-week.

The new deal is set to be for at least five years and the salary dwarfes his current £60,000-a-week wages, according to The Telegraph.

While he had another two years left on his current terms, Chelsea were keen to renew terms.

The announcement that Loftus-Cheek had penned his long-term future at Chelsea is expected to coincide with Frank Lampard’s appointment as manager.

Ruben Loftus-Cheek

Ruben Loftus-Cheek has agreed to stay at Chelsea long term (Pic: GETTY)

Liverpool and Bayern hunt Demele

Liverpool and Bayern Munich have made an approach for Ousmane Dembele, according to L’Equipe.

The Merseyside outfit are keen to bring in competition for Sadio Mane and Mohamed Salah.

Meanwhile, Bayern need to add width to replace Arjen Robben and Franck Ribery, who have both left the club.

The German side failed in approaches for Callum Hudson-Odoi and Leroy Sane, with Frenchman Dembele now their priority signing.

However, Barca have no interest in letting the winger leave, and 22-year-old Dembele wants to stay at the Nou Camp, despite suggestions he hasn’t settled in Spain.

Transfer News LIVE

Transfer News LIVE – Kieran Tierney, Harry Maguire and Ousmane Dembele all feature (Pic: GETTY)

Arsenal plan Tierney payment schedule

Arsenal have come up with a cunning plan to afford Celtic star Kieran Tierney this summer.

With the Gunners having just £45m to spend on new players this summer, they’ve had to be creative with the structure of the deal.

Football Operations and Communications consultant Ian McGarry issued an update on the Tierney transfer on Reach plc’s Transfer Window Podcast this week.

“I have been told Arsenal have made a renewed offer of £20m for Tierney,” he said. “The structure of the payment is crucial, because Arsenal’s transfer budget is limited.

“What I have been told is that Arsenal are going to pay £10m up front, for Tierney, and £10m a year from now which makes up Celtic’s initial valuation of £20m as a downpayment, plus £5m in add-ons which would be paid in years three, four and five of the contract which Arsenal have projected.

“No news yet on whether Celtic have agreed to those aspects of the payment structure.”

Leicester and Man Utd £20m apart

Leicester have rejected Manchester United’s £70m bid for Harry Maguire and are demanding they stump up £90m for the England star.

Ole Gunnar Solskjaer’s first-choice target at centre-half is open to a move to Old Trafford, but the Foxes are holding firm over their valuation and are under no pressure to sell.

Despite upping their bid, the Red Devils have not succeeded as Starsport understands Leicester want £20m more for Maguire – a target for Manchester City too.

Brendan Rodgers’ side are only prepared to lose the 26-year-old if United pay the world-record fee for a defender.

Breaking Leicester down is the big hurdle to overcome yet and United know what it will take, even if they do not agree with the £90m valuation.

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