Liverpool have taken their summer spending past the £300 million ($406m) mark after completing the signing of Parma's 18-year-old defender Giovanni Leoni on a six-year contract.

Liverpool have signed 18-year-old centre-back Giovanni Leoni from Parma in a deal worth £26 million plus add-ons.An agreement was reached late on Wednesday night after Liverpool saw off competition

Liverpool have signed 18-year-old defender Giovanni Leoni from Italian side Parma for a fee of £26m plus add-ons. Leoni, who Reds boss Arne Slot confirmed the club had agreed a deal for earlier this week, has signed a contract until 2031.