Liverpool and Everton are both waiting to finalise late deals as the 11pm deadline nears for the January transfer window.
Everton are awaiting final confirmation of Dele Alli’s move to Goodison, following the earlier arrival of Donny van de Beek.
While Liverpool are in ongoing talks with Fulham, after agreeing a fee for Fabio Carvalho and the London club’s late interest in Neco Williams.
However, both sides could still get their respective deals over the line after the stated deadline - thanks to a Premier League deal sheet.
EVERTON UPDATES: Live transfer news with latest on Dele Alli
LIVERPOOL UPDATES: Fabio Carvalho and Neco Williams latest
How do deal sheets work?
A deal sheet can be used by clubs to provide extra time in order to complete the final steps of a transfer.
The document states that negotiations between the respective clubs have concluded before the 11pm deadline and a fee has also been agreed. Though it is not a legally binding contract.
The Premier League website provides the following outline on how deal sheets work:
“The deal sheet allows a club to confirm that a deal has been reached in order to allow for additional time to submit the remaining documentation.
“For a deadline of 23:00, the deal sheet cannot be used before 21:00 and needs to arrive fully completed before the transfer window closes.
“Once the sheet arrives, clubs have got another two hours, or until 01:00, in which to submit the full paperwork.”
That means both Liverpool and Everton will have until 1am on Tuesday February 1 to get a deal over the line.
Though if clubs are looking to complete an international transfer, they must still comply with the FIFA Transfer Matching System (TMS) deadline.
What is the FIFA Transfer Matching System?
The Transfer Matching System is where a player is registered in order to receive international clearance.
The Premier League states: “The buying club have to upload all the information to the system and the foreign club have to match all the details.
“Our FA will request clearance and, as long everything matches, the foreign association will issue clearance to the FA, who then informs the club and League.
“The Premier League receives a copy because we need to ensure that players coming in have had their registration transferred to this country, or Wales in the case of Welsh clubs.”
