Liverpool set to miss out on Manuel Ugarte with PSG 'ready to pay his release clause'

Ugarte has been one of several names rumoured with a move to Anfield this summer, as Jurgen Klopp eyes a major overhaul to his squad.

The club confirmed that James Milner, Naby Keita, Oxlade Chamberlain, Arthur Melo and Roberto Firmino would all leave the club at the end of the season, paving the way for new recruits.

Earlier this week, Portuguese outlet Record claimed Anfield chiefs were braced for talks with Ugarte, who could act as a cheaper alternative to the Reds' other midfield targets.

However, Paris Saint-German have reportedly arrived on the scene and are "expected" to land the 22-year-old's signature this summer.

According to French news outlet L'Equipe, PSG's football director Luis Campos is looking to strengthen his midfield this summer and has identified Ugarte as a "key target".

PSG are also allegedly willing to meet Sporting Lisbon's release clause of €60 million, although a separate report from Sports Zone claim that Campos is trying to negotiate a lower fee.

Liverpool, meanwhile, are closing in on a deal for Brighton midfielder Alexis Mac Allister, who has impressed on the south coast this season.

Providing an update on the situation, transfer expert Fabrizio Romano tweeted: "Liverpool are close to full agreement on personal terms with the player, waiting on final details."