Henrikh Mkhitaryan, the Armenian midfielder, looks set to join Borussia Dortmund for a fee of approximately £21M.
After weeks of speculation, the player has informed his club Shakhtar Donetsk of his decision to join this years Champions League runners-up.
Brendan Rodgers and the club had identified him as the clubs top target, with goals from midfield seriously lacking in the current first team.
The German media broke the story earlier today, and journalists at the BBC and the Liverpool Echo are now reporting that the player has informed Liverpool FC of his decision.
The reds have been active in the transfer market so far with plenty of players in and out, however the club have yet to splash any significant cash as they aim to improve on last season's 7th place position.