Alexander Isak set to lose millions after Newcastle negotiated payment out of his move

Despite not formally requesting a transfer, Alexander Isak is set to miss out on a hefty amount after Newcastle negotiated a payment out of his British-record move to Liverpool.

After weeks of speculation, Liverpool have finally reached an agreement to sign Isak.

Liverpool are set to part with £125 million – a fee that will surpass Enzo Fernandez's £106 million move from Benfica to Chelsea as the new Premier League record transfer – while the deal is worth £130 million to Newcastle due to solidarity payments.

A report from the Mail suggests talks between Liverpool and Newcastle accelerated on Sunday night, and an agreement between the clubs is now in place ahead of a medical on Monday.

He is set to sign a six-year contract with Arne Slot's side.

Alexander Isak is on the verge of joining Liverpool. Image: Getty

In addition to talks around his transfer fee, it has emerged that Isak will not receive a loyalty payment from Newcastle after the club negotiated it out of his move to Anfield, according to Craig Hope.

As pointed out by Martin Salisbury, a solicitor and course leader at the University Campus of Football Business, formally handing in a transfer request can lead to significant financial penalties for a player.

"By not handing in a transfer request, the player is preserving the value of their contract, meaning they can claim more in outstanding contracts when they are sold," a report from BBC says.

"If a player is sold after not formally handing in a transfer request, they would be entitled to claim for any outstanding wages from their contract."

Isak expressed his desire to leave Newcastle this summer and was soon left out of their pre-season plans. He would later miss Premier League games against Aston Villa, Liverpool and Leeds.

Things turned ugly between player and club as Isak issued a statement claiming Newcastle had "broken promises" to allow him to leave. However, the club immediately denied an agreement was in place to let him depart, with Eddie Howe insisting he wanted to keep the player.

Ahead of last week's Premier League clash between Newcastle and Liverpool, Isak spoke to a Public Investment Fund delegation, along with Newcastle co-owner Jamie Reuben, about his future at St James' Park.

But he repeated his desire to join Liverpool, who had an offer worth around £110 million rejected for the player in August, and a deal is now set to be finalised ahead of the window slamming shut at 7 pm on Monday.