Cody Gakpo is staying at Liverpool after the club rejected an £80m offer from Manchester City on transfer deadline day.
Gakpo had agreed personal terms with City and given his approval to the move, but Liverpool's own search for a replacement winger fell through in the closing days of the window.
David Ornstein reports the situation has been confirmed directly between both clubs, with City now turning their attention elsewhere.
Cody Gakpo to Manchester City rated ‘Very unlikely'
The Football Whispers Index scores every transfer rumour across five weighted factors. Read how it works here.
Cody Gakpo to Manchester City
The Football Whispers Index weighs five things for every rumour: whether the buying club can afford it, whether they actually need the player, whether he wants to go, whether the seller has a reason to let him leave, and how credible the reporting behind the move really is.
Four of those five pointed toward a deal happening, City could afford it, had a use for him, and Gakpo himself wanted to go.
The single fact that decides this one sits in the fifth pillar entirely, Liverpool's own replacement search failed, and that gave them the only veto that mattered.
Financial viability
- Manchester City's final offer for Gakpo was rejected by Liverpool at £75m plus £5m in add-ons, worth £80m in total.
- Liverpool signed Gakpo from PSV Eindhoven for an initial £37m, rising to £44m, in December 2022.
- Gakpo had an agreement on personal terms in place with Manchester City before the move collapsed.
- Manchester City have turned their attention to a move for Chelsea midfielder Enzo Fernandez instead.
An £80m bid being turned down is not a sign City couldn't afford Gakpo, it is a sign Liverpool didn't need the money badly enough to accept it.
Selling for £80m would still have represented a hefty profit on the roughly £44m Liverpool paid PSV back in December 2022, which only underlines that this was a choice, not a necessity.
Personal terms being in place the whole time shows the collapse happened at boardroom level, not because the numbers around the player himself ever stopped adding up.
Buying club need
- Jeremy Doku remains sidelined with the calf injury sustained on 18 August, with a return not expected until mid-September.
- Manchester City have already replaced the departing Savinho with a £34m deal for Palmeiras winger Allan.
- City have trimmed their squad heavily this summer, with as many as ten first-team players moved on.
- Manchester City have shifted their remaining attacking business toward a move for Enzo Fernandez.
Doku's injury and the gap it leaves on the left have not gone away, City just no longer have Gakpo as their answer to it.
Allan's arrival still covers the departing Savinho, which is part of why City could afford to let the Gakpo chase drop rather than push their offer higher.
Pivoting straight to Enzo Fernandez, a central midfielder rather than a winger, suggests City's priorities shifted to a different problem entirely once Gakpo proved unattainable.
Player motivation
- Gakpo agreed personal terms with Manchester City and gave the move his green light before Liverpool blocked the sale.
- David Ornstein reported that Gakpo would also be happy to stay at Liverpool if the club decided to close the move down.
- Andoni Iraola is understood to rate Gakpo highly and was open to keeping him if a replacement could not be found.
- Gakpo provided the assist for Alexander Isak's goal in Liverpool's 2-2 draw with Nottingham Forest days before the decision was made.
Agreeing terms and giving his green light shows Gakpo's preference was genuine, not just noise generated by intermediaries chasing a deal.
His reported willingness to stay if Liverpool closed the door is what made this an amicable outcome rather than a player fighting to force through a move against his club's wishes.
Iraola rating him highly matters here, a manager who wants to keep a player gives the selling club cover to say no without it looking like a financial retreat.
Selling club incentive
- Liverpool have had bids rejected by Brighton for Yankuba Minteh and by Crystal Palace for Ismaila Sarr, leaving their search for a right winger unresolved.
- Liverpool have communicated directly with Manchester City that the £80m offer for Gakpo has been turned down.
- Liverpool completed a £123m signing of Bradley Barcola from Paris Saint-Germain earlier this week.
- Gakpo's strong start to the season, including his assist against Nottingham Forest, is understood to have been a factor in Liverpool's decision to keep him.
Two rejected bids for two different right-sided targets is the real story here, Liverpool's condition for selling Gakpo was never actually about Barcola, it was about replacing the width he offers on the opposite flank.
Having just spent £123m on Barcola, Liverpool were never going to also lower their price on Gakpo simply to bank a fee, the money pressure clearly wasn't there.
An in-form player who has just set up a Premier League goal is the hardest kind of asset to talk yourself into selling, and that appears to be exactly what happened at Anfield this week.
Market momentum
- David Ornstein reported that Manchester City's pursuit of Gakpo is over, confirmed directly between all parties involved.
- Fabrizio Romano reported that Liverpool had told Gakpo's camp they would keep him if no replacement arrived in time.
- Manchester City have turned their focus to a move for Enzo Fernandez following the collapse of the Gakpo deal.
Two tier-one reporters independently confirming the same rejection within the same window is as close to certainty as transfer journalism gets.
Direct communication between both clubs, rather than one side briefing against the other, is what separates a genuinely dead deal from a stalled negotiation that could still restart.
City moving straight on to a different target is the clearest practical signal available, clubs don't chase a second name this close to a deadline unless the first one is truly finished.
Cody Gakpo to Manchester City: Will or won't it happen?
Everything that made this rumour credible a day ago, the agreed terms, the structured package, the player's own willingness, turned out not to matter once Liverpool's own business elsewhere fell through.
That is the model's known blind spot working as intended here, personal terms are necessary but never sufficient, and this is the clearest possible illustration of why.
With deadline day now closing and City already onto Enzo Fernandez, this one is filed as a deal that had everything except the one thing it actually needed.