Sky sources understand Liverpool have agreed a fee with Arsenal to sign Alex Oxlade-Chamberlain.
We understand the deal is worth in the region of £40m.
The two clubs came to an agreement in the last hour.
The 24-year-old, who is currently with England at St George’s Park, will shortly undergo a medical.
Personal terms are yet to be agreed but it’s expected they won’t be a problem. It is likely to be a six-year deal.