The summer transfer window is less than 24 hours away from slamming shut, with English Premier League teams scrambling to finalise moves before 4am AEST on Tuesday 2 September.

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You can read everything you need to know about how the deadline actually works here, but with the deals already flying in this is your one-stop shop for every move that goes down between now and then — starting with the biggest one of them all.

LIVERPOOL’S SPENDING SPREE CONTINUES WITH RECORD-BREAKING DEAL

Premier League champions Liverpool have agreed a deal to sign Alexander Isak from Newcastle United for a British record transfer fee, media reports said Monday.

The Swedish forward is set to join the Reds in a deal worth about £130 million ($A268m), according to reports by The Athletic and The Telegraph, among other outlets.

The Athletic reported that Isak will undergo a medical on Monday before completing a six-year deal with the Merseyside club.

The fee will set a new Premier League transfer record, exceeding the £106 million that Chelsea paid Benfica for Enzo Fernandez in 2023, the reports said.

Isak, 25, scored 23 goals in the Premier League last season — behind only Liverpool’s Mohamed Salah — as Newcastle qualified for the Champions League.

He has been the subject of a protracted and acrimonious transfer saga this summer, training away from the rest of the Newcastle squad after making clear his desire to move to Liverpool.

Newcastle reportedly rejected an initial £110 million ($A227m) bid for Isak earlier this summer.

But the deal edged closer after the Magpies signed German international striker Nick Woltemade on Saturday for a club-record fee reported to be worth up to £69 million ($A143m).

Alexander Isak is off to Liverpool. (Photo by Paul ELLIS / AFP)Source: AFP

Isak will become the latest blockbuster acquisition in a lavish summer spending spree by Liverpool, who also brought in German midfielder Florian Wirtz in another massive deal.

The Reds have also signed French attacker Hugo Ekitike from Eintracht Frankfurt, Jeremie Frimpong from Bayer Leverkusen and Milos Kerkez from Bournemouth.

Newcastle manager Eddie Howe had hinted for the first time on Friday he might be open to allowing Isak to leave because of the impact a sale would have on Newcastle’s profit and sustainability calculations.

The northeast club were forced to sell Elliot Anderson and Yankuba Minteh last year in order to avoid a points deduction, and a sizeable return on their investment in Isak would ease any Profit and Sustainability Regulations concerns.

Despite the influx of new talent Liverpool have not so far looked like the relentless team that strolled to the Premier League title last season with four games to spare.

But they still top the table with three wins from three after dispatching last year’s runners-up, Arsenal, 1-0 at Anfield on Sunday.

Newcastle sit 17th in the early running after a 0-0 stalemate against Leeds United.

OTHER BIG DEALS TO KEEP AN EYE ON AHEAD OF THE DEADLINE

* Newcastle is now targeting both Brentford striker Yoane Wissa and Wolverhampton’s Jorgen Strand Larsen as potential replacements according to The Daily Mail. However, the Wolves are reportedly insisting that Strand Larsen is not up for grabs while Brentford wants to secure a replacement for Wissa before considering selling him.

* Liverpool may not be done with the Reds reportedly hoping an improved bid worth £35m ($A72m) will be enough to sway Crystal Palace to agree to a deal involving Marc Guehi, although Palace boss Oliver Glasner recently said they “have to keep Guehi if we want to play a successful season”.

* Manchester United is on the hunt for a new goalkeeper, per The Athletic, with Emi Martinez a leading target along with Senne Lammens. Gary Neville said on Sky Sports that signing a new goalkeeper must be a “priority” for the Red Devils.

* Staying with United, Jadon Sancho could also be on the way out with Aston Villa said to be keen on the 25-year-old on loan, per ESPN.

* Tottenham could be a team to watch, with Spurs said to have interest in a left winger before the deadline. They had been linked to Manchester City’s Savinho but there hasn’t been much movement since those talks were first reported early last month.

LIVE BLOG

Follow the latest deals and developments ahead of deadline day below!