Brendan Rodgers is on the verge of securing the first major signing of his time as Liverpool manager after the Reds agreed a fee with Roma for striker Fabio Borini, according to the PA.
The Italian has been heavily linked with a move to Merseyside in recent weeks.
A fee of around £10 million has been agreed between the two clubs according to the Daily Mail, and the deal is expected to go through in the next 48 hours, subject to a medical and personal terms being agreed.
The 21-year-old spent time working with Rodgers while on loan with Swansea, helping the Welsh club gain promotion to the Premier League last year. The pair also worked together at Chelsea, where Rodgers was youth team manager.
Afterwards he moved to Parma before enjoying a successful loan spell with Roma, who he joined on a part-ownership deal for €1.25 million last year.
The Italian club paid Parma over €5 million for the remainder of his rights to fully own the 21-year-old in June.
Borini looks set to join up with his new team-mates before they begin their pre-season tour of the United States, which kicks off with a game against FC Toronto on July 21.