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Liverpool's huge outlay on agents fees is set to be slashed as Premier League chairman push for a ban on clubs paying players' representatives.

Top-flight clubs want to reduce the power of agents, who have been getting paid for deals by both players and clubs.

They want to bring in rules whereby only players would make payments to agents with fees paid across the length of a contract rather than in a lump sum when the transfer is completed.

Figures published by the Football Association back in April showed that Liverpool shelled out £26.8million on agents fees during the summer of 2017 and the January window of 2018.

That was more than any other Premier League club and nearly double the amount for the previous 12 months.

During that period Liverpool signed five players – Mohamed Salah, Dominic Solanke, Andy Robertson, Alex Oxlade-Chamberlain and Virgil van Dijk.

An investigation by The Times revealed that four out of every five deals in the Premier League last season involved the same representative being paid by both the player and the club.

They believe that 'duel representation' occurred in 17 of the 19 transactions involving Liverpool in 2017/18. Currently, clubs are often asked to pay part of an agent’s fee to reduce the cost to a player who would then pay less tax.

Proposals drawn up by Premier League chairmen after a review of working practices includes a requirement for an agent working with English-based players to have a UK bank account which all transactions should go through.

They also want all agents who operate in England to submit an annual financial statement to the FA.