Elliott returned to Liverpool this summer after a challenging period at Aston Villa. Last season, he joined Unai Emery’s side on a season-long loan with an obligation to buy for £35 million if he played 10 league games. He ultimately struggled for regular first-team minutes, tallying just 277 minutes across the 2025-26 campaign and making only four Premier League appearances.
Emery acknowledged the difficulty of the situation, apologizing for the outcome and noting that it has been a tough period for everyone involved. Elliott has featured for Liverpool in pre-season, with head coach Andoni Iraola previously praising his work ethic and determination to rebuild his career at Anfield.
Despite the ongoing discussions with Valencia, there has also been speculation about interest from Italian clubs Napoli and Lazio. However, reports indicate that Elliott has now agreed personal terms with Valencia following positive talks.
Iraola’s position on Elliott’s future became clearer ahead of a match against Nottingham Forest, when the manager explained his squad selections and emphasized the need to balance the team’s options. He said that while Elliott is making progress, he currently prefers other options and had to make tough choices when finalizing the matchday squad. Nevertheless, he stressed that every player has opportunities to prove themselves in the coming weeks.