Liverpool could wrap up their fourth summer signing as early as this week according to reports in The Liverpool Echo.
Benfica winger Lazar Markovic could join Rickie Lambert, Adam Lallana and Emre Can at Anfield in a £25million deal.
Liverpool boss Brendan Rodgers has already spent in the region of £40million in acquiring his first three targets, and should Markovic make the switch that figure will top £60million.
The Red's have long been linked with the Serbian ace but were expected to face competition from Premier League rivals Chelsea as well as Italian club Roma.
Despite the spending, Rodgers could soon be in profit if Luis Suarez completes his protracted move to Barcelona.
No bid yet
Though The Liverpool Echo claim the deal could be done soon, they also say no formal approach has been made to Benfica.
However, the proposition of regular first team football is expected to lure Markovic to Merseyside, making any potential move go through quickly.
With the transfer window having only officially opened last Monday, Liverpool would have stolen a real march on their rivals should they complete a fourth signing with over a month to go before the season starts.
20-year-old Markovic only arrived at Benfica last summer, but his form since joining the Lisbon giants means Premier League interest should come as no surprise.
Playing in a number of attacking roles, the Serb demonstrated great pace, dribbling and creativity, scoring six times in 42 league and cup appearances as Benfica completed a domestic treble.
The club also reached the Europa League final for the second consecutive season, and Markovic was instrumental in their run, though the competition would end in heartbreak for club and player.
With just minutes remaining in the semi-final second leg clash with Juventus Markovic received a red card despite having already been substituted, meaning he would be forced to watch from the stands as Benfica were beaten on penalties by Sevilla.
Even if Liverpool manage to get this deal over the line you can expect them to continue to be active in the transfer market.
BBC Sport claim the club are waiting on a response from Barcelona as they chase Chile's World Cup star Alexis Sanchez, though they face stiff competition from Arsenal.
Another World Cup star on their radar is Belgium striker Divock Origi. According to BBC Sport a deal is in place with the players current club Lille which could see Liverpool pay up to £10million for his services should he agree personal terms.
While many of Rodgers' targets focus on the attacking side of the game game, he certainly hasn't neglected his defence and it could be just a matter of time before Southampton defender Dejan Lovren is a Liverpool player.
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