Liverpool have struck an agreement with Newcastle United to sign Swedish striker Alexander Isak in a deal worth £125 million.
Negotiations, revived shortly before the transfer deadline, gathered momentum after Newcastle secured the services of German forward Nick Woltemade.
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The Magpies had earlier signalled willingness to negotiate around £130 million, clearing the path for Liverpool to table their decisive bid.
Isak is expected to undergo a medical on Monday before signing a six-year contract.
Liverpool had an original £110m offer rejected in August, but are now set to land their first-choice target of the summer.
The protracted saga involving the 25-year-old appears set to come to an end on the final day of the summer transfer window.
Liverpool have already broken their club transfer record this summer by signing German attacking midfielder Florian Wirtz in a deal worth an initial £100m, with a further £16m in add-ons.
Isak’s arrival would top that outlay. After also bringing in Hugo Ekitike, Milos Kerkez, Jeremie Frimpong, Giorgi Mamardashvili, Armin Pecsi and Giovanni Leoni, the deal would take the club’s spending to about £416m without add-on fees.
Liverpool could still add to the spree, with the Reds working on a deal to sign England defender Marc Guehi from Crystal Palace.
Meanwhile, the departures of Luis Diaz, Darwin Nunez, Jarell Quansah, Caoimhin Kelleher, Trent Alexander-Arnold, Tyler Morton and Ben Doak have recouped an initial amount of about £190m.