Reds strike a deal with Sunderland.
Liverpool have accepted a bid from Sunderland for Italian striker Fabio Borini, according to Sky Sports.
Borini spent last season on loan at the Stadium of Light, scoring 10 goals for the Black Cats.
The 23-year-old now looks set to join the Wearside club on a permanent basis for a transfer fee in the region of £14m.
Borini’s departure will leave Liverpool short in attack. The Reds have already agreed to sell topscorer Luis Suarez to Barcelona.
Liverpool have been very busy in the transfer market this summer. They have signed versatile playmaker Adam Lallana and forward Rickie Lambert from Southampton, with the Saints receiving close to £30m for the pair.
The Reds have also secured the signatures of midfielder Emre Can from Bayer Leverkusen and Serbia winger Lazar Markovic from Benfica, as well as landing young goalkeeper Lawrence Vigouroux and centre-back Kevin Stewart from Tottenham Hotspur.
Borini began his senior career at Chelsea, but he made just eight first-team appearances for the Blues.
After a brief but impressive loan spell at Swansea City, Borini moved to Italy, where he was co-owned by Parma and Roma.
He scored nine Serie A goals for Roma, convincing Liverpool to shell out £10.5m on him in July 2012.