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This week's deep dive into the biggest transfer stories in football.

Liverpool out of the race for Jude Bellingham, but alternatives won’t be straightforward either

Liverpool are out of the race for Jude Bellingham. They did a lot of legwork, and never lost confidence they could persuade the player to join if it only came down to that aspect. But in the end a decision had to be made on whether it was worth getting sucked into a protracted bidding war and 'overpaying' as a result if successful.

The total cost of Bellingham if he leaves this summer, with no release clause in his current deal, could be around £130m, plus agent fees and wages. Some people will argue Liverpool always knew this was the ballpark, but price is also fluid and dictated by demand, and the club’s budget is also altered by a lack of Champions League football. As previously reported, the fear was always that another Premier League club came in, allowing Dortmund even more bargaining chips. Manchester City are making their move and Real Madrid are still intent on signing Bellingham as well.