Liverpool have confirmed the signing of highly-rated Parma defender Giovanni Leoni. The 18-year-old joins in a deal worth £26 million, plus add-ons, in a move which takes the club’s summer outlay beyond £300m. Leoni chose a move to Anfield despite interest from top Italian clubs and Premier League rivals.

Either a shot in the dark or an inspired purchase, Liverpool has completed the signing of Italian central defender Giovanni Leoni.