LONDON, July 30 -- Bradley Barcola told Andoni Iraola directly that he wanted to come, that he had no intention of renewing at Paris Saint-Germain, and that a Premier League challenge was what he was looking for. What Iraola could not offer in return was a date.

Liverpool are preparing to submit their first formal bid for the 23-year-old PSG winger, with the offer capped at £100 million, Goal.com reported Thursday. PSG have set their price at £145 million. The gap between those figures is £45 million, and with the summer window moving quickly across Europe, neither club can treat patience as a strategy.

The personal agreement between Barcola and Liverpool already exists. The player held positive discussions with Iraola an...