Liverpool have agreed terms with Burnley striker Danny Ings, who will make the switch to Anfield when his contract expires on July 1.
A host of clubs have been chasing the England Under-21 international, who impressed in the Premier League last season despite the Clarets being relegated.
However Liverpool have beaten off strong competition to land the striker, who will sign on the dotted line subject to passing a medical.
Burnley are entitled to compensation due to the player’s age and the decision will be made by a tribunal if the two clubs cannot settle on a fee.
The Clarets have so far rejected at least one offer, but it is understood Liverpool remain confident of coming to an agreement without the need for a tribunal.
“Burnley Football Club has rejected an offer made by Liverpool but will continue to have dialogue with the club in order to reach a resolution over the fee,” said a Burnley statement.
Meanwhile, the Reds have also issued a statement confirming terms have been agreed with the player.
“Liverpool FC are delighted to announce that they have agreed personal terms with Danny Ings and, subject to a medical, the striker will join the club on July 1 after his contract with Burnley has expired,” it said.
Liverpool desperately need goals if they are to push for the top four again next season and are priced at 19.00 to win the title.