Liverpool have agreed to sign Wolverhampton Wanderers forward Diogo Jota for £41m in a deal that could rise to £45m with add-ons.
The Portugal winger, 23, is set to sign a five-year deal at Anfield.
The move follows Liverpool's £20m capture of Spain midfielder Thiago Alcantara from Bayern Munich.
The Jota deal will amount to a net spend of £30m, with defender Ki-Jana Hoever, 18, going the other way for £9m and a possible £4.
5m in add-ons.
The Premier League champions have also negotiated a 15% sell-on clause in the transfer that takes young Dutch defender Hoever to Molineux.
Jota can play across the forward line and would provide further cover - in addition to Takumi Minamino and Divock Origi - for Liverpool's vaunted front three of Sadio Mane, Roberto Firmino and Mohamed Salah.
The former Atletico Madrid player joined Wolves on loan in their 2017-18 Championship-winning campaign before making a £12.
8m permanent switch in 2018.
Jota has made 131 appearances for the Molineux side, scoring 44 goals, including hat-tricks in last season's Europa League victories against Besiktas and Espanyol.
He is in line to become Liverpool's third summer signing following the arrival of Alcantara and Greece left-back Kostas Tsimikas for about £11.