Liverpool are closing on the signing of Brighton midfielder Moises Caicedo, after striking a deal that will break the British transfer record.
Following three failed bids for Southampton youngster Romeo Lavia, Liverpool have pivoted and agreed terms with Brighton for Caicedo.
It comes despite competition from Chelsea, with the two clubs reported to have been set a midnight deadline by Brighton and the Reds bidding highest.
That fee, according to Sky Sports‘ Melissa Reddy, stands at £111 million – a full £1 million more than initially reported in the early hours of Friday morning.
Liverpool have also agreed to a sell-on clause with the Premier League club, though the specifics of that are as yet unknown.
In simple terms, Brighton will be entitled to a percentage of either the full fee or profit made were Caicedo to be sold to another club over the course of his contract.
The length of Caicedo’s proposed contract at Anfield has not been reported at this stage, but is likely to tie him to Liverpool until at least 2028.
