Liverpool have reached an agreement with Paris Saint-Germain over the structure of a deal to sign France winger Bradley Barcola.
The 23-year-old is expected to sign a contract with Liverpool until 2031 after the Premier League champions agreed a package worth up to £123 million.
Liverpool will pay around £106 million up front, with a further £17 million available in add-ons.
The clubs still need to exchange documents, while Barcola is expected to undergo his medical this weekend before completing the move.
Barcola had been valued at around £145 million by PSG earlier in the summer, but Liverpool have now managed to agree a lower fee.
If completed, the transfer would make Barcola Liverpool’s second-most expensive signing, behind Alexander Isak, who joined from Newcastle for £125 million last summer.
His arrival could also open the door for Cody Gakpo to leave Anfield, with Tottenham and Manchester City reportedly interested in the Netherlands international.
Liverpool are also looking to sign another winger, with Crystal Palace’s Ismaila Sarr among their targets.
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