Liverpool have agreed a deal in principle with Rangers for teenage defender Danny Wilson.
The 18-year-old had been due to fly out with the rest of the Gers squad for their pre-season tour of Australia but will now remain in the UK to finalise the transfer.
Chief executive Martin Bain said of Wilson, who had just 12 months of his Ibrox contract remaining: "We have agreed a deal in principle with Liverpool for the transfer of Danny Wilson.
"Liverpool's offer will see the club receive £2million up front with add-ons linked to games played taking the total value of the deal to £5million.
"Danny was entering the final year of his contract with the club and had indicated that he felt it was in his interests to move on.
"Given that and the value of the offer from Liverpool, it was deemed appropriate to accept that offer given the player wanted to go.
"We are aware that with Kevin Thomson and Danny leaving the club in the last week that there is a need to add to the first-team squad."
Wilson made his debut for Walter Smith's side nine months ago and went on to start 24 first-team matches for the club last season.