Liverpool paid over £22m in agents' fees between February 2021 and the end of January this year.
According to figures released by the Football Association on Thursday, the Reds spent a total of £22,136,224 on intermediaries across the last two transfer windows.
Only Chelsea (£28.2m), Manchester United (£29m) and Manchester City (£35m) paid more during that period as Premier League clubs handed over a total of £272.6m to representatives between February 2, 2021 and January 31 of this year.