London, June 26 -- Liverpool have taken their summer spending to about £170m with the signing of left-back Milos Kerkez from Bournemouth in a deal worth £40m.

The 21-year-old Hungary international has signed a five-year contract with the Reds.

Kerkez is Liverpool's third major signing of the transfer window, following the arrival of attacking midfielder Florian Wirtz and right-back Jeremie Frimpong, both from Bayer Leverkusen.

Liverpool paid a club record £116m, made up of an initial £100m and a further £16m in potential add-ons, for German interntaional Wirtz and £29.5m for Dutchman Frimpong. Hungary Under-21 keeper Armin Pecsi has also arrived at Anfield for a fee of up to £1.5m.

"It's a real honour...