Liverpool have completed two pieces of business after Samed Yesil arrived at the club for £1million, while Jay Spearing agreed to join Bolton on a six-month loan.
Yesil moves froms from Bayer Leverkusen and is the fourth signing of the summer for Brendan Rodgers after the arrival of Fabio Borini, Joe Allen and Oussame Assaidi.
The Guardian has reported that the deal has been completed after Liverpool were impressed with the performances of the striker at the FIFA Under-17 World Cup.
Now 18-years-old, Yesil scored six goals for Germany and was the second top scorer at the tournament behind Souleymane Coulibaly of the Ivory Coast who joined Tottenham last year.
Liverpool did play Bayer Leverkusen, who are managed by former Liverpool defender Sami Hyypia, in pre-season, but Yesil was not involved and has mainly played at youth level so far in his career.
The arrival of the young striker was confirmed on the same day that midfielder Spearing agreed to join Championship side Bolton on an initial six month loan deal.
Sky Sports reported that Liverpool were willing to allow Spearing to leave the club after completing deals for Joe Allen and Nuri Sahin.
Bolton boss Owen Coyle had spoken openly about his pursuit of the defensive midfielder and will be hoping to complete all the paperwork in order for Spearing to make his debut against Hull City at the weekend.
The 23-year-old deputised for the injured Lucas Leiva for much of last season but has seen Liverpool strengthen in midfield and his first team opportunities become limited.
According to Sky Sports, Liverpool had been hoping to part with Spearing on a permanent basis but he preferred to initially go on-loan.
Liverpool are still hoping to complete some more business before the transfer window closes on Friday evening, but much will depend on if any players are sold and funds are made available.