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Liverpool could make a mammoth bid for Alexander Isak within hours after big developments involving both the Reds and Newcastle, who are planning for life without the Swede

Liverpool are reportedly preparing to make a formal offer for Newcastle United striker Alexander Isak, with the Reds said to have agreed a deal with Bayern Munich for the transfer of Luis Diaz.

Newcastle are preparing for a substantial bid from Liverpool for Alexander Isak, after Luiz Diaz's switch to Bayern Munich.

Isak, who has emerged as a priority target, has made clear his intention to remain at the top level of European football. Despite interest from Saudi Arabian clubs and a lucrative proposal worth a reported £600,000 per week, the Swedish international has set his sights on a switch to Merseyside.

In recent days, it has been reported in the national press that Liverpool are willing to make a British record transfer offer to sign the Sweden international. And Collymore, who played for the Reds between 1995 and 1997, believes it is only a matter of time before Isak makes the move to Anfield.

As Newcastle United prepare for a preseason tour in Asia, where they'll face the K-League All-Stars and Tottenham, they may also need to begin to prepare for life without their star striker, Alexander Isak.

Newcastle United striker Alexander Isak reportedly 'checked out' months ago at St James' Park as Liverpool line up a deal for the striker this summer.