Liverpool are believed to have agreed a deal to sign Thiago Alcantara from Bayern Munich for a fee of around €30 million.
The Premier League champions have been linked to the Spanish midfielder all summer long and appear to have finally made their move.
The 29-year-old is out of contract with Bayern next summer and would be able to negotiate a free transfer from the club in January, so the Champions League holders appear to have opted to cash in on him now instead.
Thiago, who joined from Barcelona in 2013, has had the offer of a new contract on the table with Bayern since May but has instead signalled his intent to take on a new challenge elsewhere.
Bayern manager Hansi Flick said at his press conference today: "Thiago is an exceptional player who spent seven hugely successful years here.
"He's a wonderful person and an outstanding professional. It was very emotional today when he said goodbye to us all."
Liverpool manager Jurgen Klopp is a keen admirer off the midfielder and earlier in the week said: "Thiago Alcantara is a really good player. It's nice we are linked with him but that's pretty much all really.
"He’s a good player, Liverpool is a big club, so it’s nice, but apart from that, I’ve got nothing to say. Unfortunately I cannot end the speculation."
Liverpool's only signing of the transfer window so far has been that off full-back Konstantinos Tsimikas while midfielder Gini Wijnaldum, who, like Thiago, is entering the final year of his contract, has been linked with a move to Barcelona where his former Netherlands manager Ronald Koeman is now in charge.