Shakhtar Donetsk midfielder Henrikh Mkhitaryan will reportedly fly to Merseyside on Tuesday for a medical, after Liverpool agreed on a £23m deal for the player's services.
Brendan Rodgers is understood to have made the free-scoring Armenia international his top target this summer. The Reds were touted as front-runners for the 24-year-old's signature but they faced some tough competition from Serie A champions Juventus and Ligue 1 winners Paris St-Germain.
However, according to the Mirror, Liverpool have now won the race for Mkhitaryan. The report claims the player will also complete talks over personal terms, with the Reds confident of wrapping up their marquee summer transfer deal in the next couple of days.
Mkhitaryan scored 25 goals in 28 league appearances for Shakhtar last season. Chelsea and Manchester City were previously linked with an interest in the Armenian.
The report also states Liverpool will fund part of the £23m move through the sale of out-of-favour striker Andy Carroll to West Ham United. The England international is due in London on Wednesday for a medical with the Hammers, with a view to completing the £15m move by the end of the week.
Meanwhile, Liverpool striker Fabio Borini has played down rumours that he is looking to leave the Reds after just one season.
The Italian endured a disappointing debut campaign as injury issues forced him to miss the majority of the season, following his £10.5m move from Roma last summer. However, the 22-year-old insists he is happy at Anfield and is not considering a return to Serie A.
"All I can say is that they could have thought about it before. This applies to all my team-mates. I chose abroad because I am happy there," Borini said.
The former Chelsea youngster made 13 Premier League appearances last season, netting just once.