Liverpool’s £43m Akliouche gamble: Monacos gamble or Klopp-era miss?

Liverpool’s £43m pursuit of Monaco winger Maghnes Akliouche is the clearest sign yet that Andoni Iraola is accelerating his squad overhaul—but whether the Frenchman fits the Reds’ system remains an open question. The Reds’ initial approach, reported on Wednesday, comes as PSG’s own pursuit stalls, with Monaco rejecting their latest £34m bid. With Liverpool already securing Victor Munoz for £34.5m and needing another winger after Mohamed Salah’s exit, Akliouche’s profile—a left-footed creator capable of playing on either flank—aligns with Iraola’s stated priorities. Yet the gamble carries echoes of past missteps, where Liverpool’s transfer committee overpaid for attacking talent that never fully integrated.

Iraola’s blueprint: one winger down, one to go

Iraola has been explicit about his needs. Speaking ahead of Saturday’s pre-season friendly against Sunderland in the USA, he said: “We definitely need to sign a winger.” The admission followed Liverpool’s £34.5m capture of Victor Munoz from Osasuna, a signing that fits the template of a direct, progressive wide option. But Munoz’s profile—more of a traditional right-winger—leaves a gap on the left or in central attacking midfield, where Akliouche could operate. The 24-year-old’s Ligue 1 return last season—six goals and six assists in 31 appearances—suggests a player comfortable in tight spaces, a trait Iraola will value given Liverpool’s preference for possession-based buildup under Klopp and now under his own system.

Liverpool’s interest in Akliouche isn’t isolated. PSG, who have seen multiple bids rebuffed, remain in the hunt, while reports suggest the player has been learning English in anticipation of a move to England. The competition underscores the risk: if Liverpool fail to meet Monaco’s valuation, another club will step in. The Reds’ £43m offer—£9m above PSG’s latest bid—is designed to break the deadlock, but it also risks overpaying for a player whose ceiling remains unproven in a league as demanding as the Premier League.

Monaco’s gamble: sell now or risk losing for less

Monaco’s stance is uncompromising. Despite PSG’s interest, the Ligue 1 side have held firm, with their latest £34m bid rejected as “not acceptable.” The club’s resolve suggests they view Akliouche as a cornerstone for their own project, but financial pressures may force their hand. With Liverpool’s offer now £9m higher, Monaco face a choice: take the guaranteed profit or gamble on a bigger payday later—assuming Akliouche’s value doesn’t dip if he stays and underperforms.

The dynamic mirrors Liverpool’s own history. In 2022, they signed Luis Díaz for £45m after a strong but not extraordinary season at Porto. Díaz’s adaptation was seamless, but the fee was steep for a player with just 14 league goals in his final campaign in Portugal. Akliouche’s Ligue 1 numbers are comparable—six goals and six assists—but his minutes were split between the wing and attacking midfield, complicating direct comparisons. Monaco’s insistence on a high valuation may force Liverpool to decide quickly, lest another club swoop in with a counter-offer.

The tactical fit: creativity over cuteness

Akliouche’s strengths lie in his dribbling and creativity, traits that could complement Liverpool’s evolving attack. Under Klopp, the Reds thrived on transitions and wide overloads, but the exit of Salah and the uncertainty around Diogo Jota’s fitness mean new avenues are needed. Akliouche’s ability to drift inside and combine—evidenced by his six assists—could provide the link between midfield and attack that Harvey Elliott, now the subject of Iraola’s public backing, may not yet offer consistently.

Yet the system under Iraola remains a work in progress. His insistence on “another winger” suggests a 4-3-3 base, but his tactical flexibility could see him deploy a 4-2-3-1 or even a 3-5-2 if personnel allow. Akliouche’s versatility—he can play on either flank or as an attacking midfielder—gives Iraola options, but it also dilutes his impact. If Liverpool sign him, the challenge will be integrating him without disrupting the rhythm of established players like Elliott or Dominik Szoboszlai.

Iraola’s own admission that he’s “always open to new options” hints at a pragmatic approach, but pragmatism alone won’t guarantee success. The Reds’ transfer committee will need to balance ambition with realism, ensuring that Akliouche’s £43m price tag doesn’t become another cautionary tale—like the £35m spent on Naby Keïta in 2018, whose injuries and inconsistent form blunted his impact.

Conclusion: a high-risk, high-reward play

Liverpool’s pursuit of Akliouche is a statement of intent, but it’s also a gamble that could define Iraola’s early tenure. The Reds need attacking firepower, and Akliouche’s profile fits the bill—but so did players like Diogo Jota and Luis Díaz before him. The difference now is the price tag. At £43m, Liverpool are betting on a player who has yet to prove he can deliver in a league where every pass is under scrutiny. If he arrives and adapts, Iraola’s first major signing could be vindicated. If not, it risks joining the list of expensive misses that have blighted Liverpool’s transfer windows in recent years.

For now, the ball is in Monaco’s court. Their response to Liverpool’s offer will reveal whether Akliouche is a priority or a pawn in a wider financial game. Either way, Liverpool’s £43m question won’t wait for the answers.

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