Liverpool’s push for a marquee forward has run into a wall on Tyneside.

United have firmly rejected an offer from Liverpool worth around £110 million for Alexander Isak, signaling they have no intention of selling their top scorer this summer. The offer, structured with incentives and up-front cash, was swiftly turned down. Newcastle value the 25-year-old Sweden international at closer to £150 million and are not entertaining negotiations below that threshold.

The rejection adds a new layer of intrigue to what is becoming one of the Premier League’s defining transfer standoffs.

A refusal rooted in ambition

Newcastle’s refusal isn’t just about numbers. It reflects a broader assertion of their identity. For decades, the club operated on the margins, occasionally producing or acquiring talent only to sell when the money got serious. That era appears over. They see Isak not as a bargaining chip but as a pillar of their project.

He scored 23 league last season and was instrumental in lifting the Carabao Cup, netting the winner against the same Liverpool side now knocking on the door. Letting him go, especially without a clear successor, would undercut their ambitions both domestically and in Europe.

Internally, there’s also concern about depth. Newcastle currently have no senior striker lined up to step in if Isak leaves. While the club has explored potential replacements, including names like Benjamin Sesko and Yoane Wissa, nothing has come close to materializing.

Sources suggest Newcastle were also frustrated by the timing and manner of Liverpool’s approach, viewing the bid as a disruptive gesture just weeks before the new season kicks off. With Eddie Howe’s squad aiming to consolidate their Champions League return, the last thing they want is turbulence around their attacking talisman.

Isak, for his part, has remained publicly silent. He has not issued a transfer request, but there’s growing belief behind the scenes that he is open to the move. The striker didn’t travel with the squad for their preseason tour of Asia, officially due to a minor thigh injury. Instead, he has been training at Real Sociedad’s facilities, his former club.

His current contract runs until 2028. However, he’s reportedly declined an extension. While that doesn’t force Newcastle’s hand, it raises long-term questions—especially if the player’s motivation becomes an issue.

Inside the dressing room, there’s an understanding of the pressure surrounding the situation. Teammates are said to sympathize with the emotional toll. But fan patience is wearing thin. One banner unfurled at training labeled Isak a “rat,” signaling the type of backlash that could escalate if the saga drags on.

Liverpool, meanwhile, appear ready to wait. After shattering their transfer record to bring in Florian Wirtz and signing Hugo Ekitike, they had earmarked Isak as a final piece: a mobile, Premier League-proven striker with room to grow. But they aren’t expected to raise their bid unless Newcastle hint at a willingness to talk.

For now, the £110 million proposal remains on the table, but Liverpool are focused on other areas unless there’s a dramatic shift.

Everything hinges on Newcastle’s next move. If they find a replacement, the door may open. If not, they’ll likely hold firm and count on Isak’s professionalism to see them through the window.

But the longer this lingers, the more volatile it becomes. Whether this ends with a record sale or an uneasy reconciliation, it will shape both clubs’ trajectories for the season ahead.