Reports in the Daily Mail are suggesting that Sevilla's Luis Alberto will have a medical at Liverpool on Friday after a £6.8million deal was agreed between the two clubs.
The 20-year-old, who will sign on a four-year deal, has been on loan at Barcelona B and had expected to stay at Sevilla, but the cash-strapped club have had to let the striker leave.
Barcelona decided not to take up their option to sign him permanently at the end of his loan stint, and Alberto could be Liverpool's second striker signing of the summer after a deal was agreed for Iago Aspas from Celta Vigo.
The signing puts doubt over the future of Uruguayan striker Luis Suarez, who has hinted he may leave the club this summer.
The news comes a day after Sevilla sporting director Monchi said Liverpool’s initial offer for Alberto not quite good enough - but the Merseysiders have struck a deal.
Alberto has played once for Spain's U21 side, and scored 11 goals in 38 appearances for Barcelona B last season.
He scored 25 goals in 77 games for Sevilla B between 2009 and 2012, and has played just seven La Liga games for the club.