Barcelona agree fee for Suarez
Official talks began over a week ago and were productive from the start with the Catalan side agreeing to meet the Uruguay international's buy-out clause, believed to be £75million.
Subsequent negotiations continued over the method of payment as the Reds were interested in taking forward Alexis Sanchez as a makeweight in the deal but with the Chile international having signed for Arsenal on Thursday it became a straight cash transaction.
The finer details of how exactly that is to be paid have now been hammered out and Suarez, currently serving a four-month ban for biting Italy's Giorgio Chiellini at the World Cup, is likely to be confirmed as a Barcelona player next week.
"Liverpool FC confirms that Luis Suarez will be leaving the club after a transfer agreement was reached with FC Barcelona. The player now has permission to complete the usual formalities, which will then conclude the transfer," said a statement,
"We would like to thank Luis for his contribution and the role he played in helping bring Champions League football back to Anfield.
"Everyone at Liverpool Football Club wishes Luis and his family well for the future."
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