Liverpool are stepping up their summer transfer activity with a bold move for Newcastle United striker Alexander Isak. According to reports, the Reds have tabled an initial offer worth £100 million for the Swedish international — a deal that would make him one of the most expensive signings in the club's history.

However, Newcastle have reportedly rejected the bid, holding out for a higher fee amid growing interest from outside the Premier League. And now, a surprising twist: ambitious Saudi Pro League side Al-Hilal, managed by newly appointed head coach Simone Inzaghi, are said to be preparing their own bid to hijack the deal.

Sources in Italy claim that Al-Hilal are ready to offer a lucrative package — both in terms of transfer fee and wages — to lure Isak to the Middle East, a move that would send shockwaves through the global transfer market.

Conflicting Interests? PIF Controls Both Newcastle and Al-Hilal

What makes this transfer saga even more intriguing is the shared ownership behind both clubs. Newcastle United and Al-Hilal are both backed by the powerful Saudi Public Investment Fund (PIF), sparking questions over whether there's a conflict of interest in any potential deal.

However, legal experts say there are no formal regulations preventing a transfer between two clubs under the same ownership, as long as the deal is conducted at fair market value. So while eyebrows may be raised, no rules are being broken — at least for now.