Liverpool FC attacker Olivia Smith is on track to become the new highest-value player in women's soccer, as the 20-year-old Canadian reportedly nears a record-breaking deal to transfer to reigning Champions League winners Arsenal.
Smith will be making the Arsenal move for a reported transfer fee of £1 million ($1.4 million), breaking the $1.1 million record set by USWNT center back Naomi Girma's transfer to Chelsea earlier this year.
The young forward first landed in Liverpool in July 2024, joining the WSL following a breakout first pro season with Portugal's Sporting CP, where she led the team with 13 goals and earned the league's 2023/24 Player of the Year title.
With seven goals in 20 appearances in her 2024/25 debut WSL campaign, Smith's scoring accounted for almost one-third of Liverpool's 22 total goals on the season.
Arsenal's willingness to ante up to roster Smith is indicative of the women's game's rising transfer fees.
Prior to Girma's big move, the NWSL's Bay FC owned the transfer fee record, having shelled out a reported $860,000 to sign Zambia forward Rachael Kundananji from Spain's Madrid CFF in February 2024.
Smith's transfer indicates a new willingness to spend at the highest levels of women's soccer — as well as Arsenal's ambition to remain at the top of the sport.