The reported valuation is based on the market’s latest major benchmark. PSG are understood to view Manchester City’s £116m deal for Elliot Anderson as evidence that elite attacking talent can command a premium, while Barcola’s age and international profile could push his price even higher.
PSG have also strengthened their position by raising close to £60m from the sale of Goncalo Ramos. That means Liverpool cannot expect financial urgency to force a discount.
Barcola’s contract situation adds another layer. PSG have offered the forward an extension, but he is reportedly considering his options after seeking more regular minutes. His decision could determine whether the club eventually listens to offers.
Liverpool’s interest is understandable. The club are looking to refresh their attack following Mohamed Salah’s departure, while Alexander Isak has endured a difficult period after arriving as a record signing.
Barcola would offer pace, direct running and the ability to operate across the forward line. However, a fee above £100m would make the deal a major strategic commitment rather than a routine squad addition.
The report says Liverpool are prepared to go “all in”, but there is no indication that an agreement is close. Arsenal are also monitoring the player, creating the possibility of a wider contest if PSG decide to entertain bids.
Barcola is currently with France at the World Cup, and reports suggest the team could remain involved until the later stages. That makes immediate negotiations difficult, even if Liverpool decide to submit a formal proposal.
The next key development will be whether Barcola accepts PSG’s extension or signals an openness to a transfer. Liverpool’s willingness to meet the valuation, rather than their reported interest, will decide whether this becomes a genuine summer pursuit.