Reporter: Liverpool to pay Munoz's €40M release clause in two installments

According to journalist Ben Jacobs, Liverpool will pay Munoz's €40 million release clause in two installments.

Reports indicate that Liverpool has activated Munoz's €40 million release clause, with the transfer fee to be paid in two installments.

Richard Hughes and Michael Edwards have been quietly working on this deal for some time.

Newcastle United had previously engaged in in-depth negotiations with the player, but Liverpool ultimately beat out competitors including Manchester United and Bayer Leverkusen to win the race.

Real Madrid also considered bringing Munoz back, but this option ultimately did not progress due to concerns about his playing time.

Munoz had discussions with head coach Iraola during early squad planning, which allowed the club to act quickly.

Munoz's most attractive quality is his versatility as a left winger, right winger, and center forward.

This versatility also led Liverpool to believe that Rio Ngumoha would still receive playing opportunities in the future.

After receiving approval from the Spanish Football Federation, Liverpool staff flew to the United States, and Munoz completed his medical on Wednesday.

Munoz has agreed to sign a six-year contract.

Meanwhile, Chiesa is likely to leave, despite his playing style being a good fit for Iraola's tactical system. The Italian player is seeking stable playing time.