Liverpool will pay Joel Matip over £100,000-per-week when he joins the club in the summer, according to Bild.
The Reds announced that they have secured the services of Matip on a free transfer and he will arrive at Anfield when his current contract expires in July.
Despite the absence of a transfer fee, the 24-year-old won’t necessarily be a cheap deal for Liverpool with them paying Matip a £3.8 million signing-on-fee while he will be earning around £5.4 million-per-year in wages - which equals over £100,000 per-week.
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Matip has signed a four-year deal on Merseyside meaning he will cost the Anfield club over £25 million if he remains there for the duration of his deal.
However, the Cameroonian will bring some much-needed quality to the defensive ranks at the club.
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The Reds have conceded 36 goals in their 26 Premier League matches this season - more than the likes of Swansea, West Brom, Crystal Palace and Everton.
Premier League desire
When asked about Matip’s desire to move to England, Schalke’s sporting executive Horst Heldt made a funny quip about the only way he could prevent him from leaving the club.
"Joel wanted to make a landmark decision for his career. We can't switch into the Premier League with Schalke -- he would have stayed had that been the case.”
Attraction of Klopp and The Kop
Matip spoke of his delight at joining the five-time Champions League winners and teaming up with a manager he knows from him time in the German league - Jurgen Klopp.
“Liverpool are a wicked club, and naturally it does not hurt that I already know the coach,” he told Bild.
“I had the feeling that Klopp and Liverpool are ideal for me, but the thought of leaving was naturally not easy for me.”
The 6 ft 4 in defender is playing his seventh season at Schalke after making his Bundesliga debut as an 18-year-old - in a 1-1 draw with Bayern Munich in which Matip scored the equaliser and was named man of the match.
He hasn’t looked back since, making 243 appearances in all competitions for the club.
Jurgen Klopp’s men have often struggled to deal with balls into their penalty area this season, conceding eight goals from corners - a league high. Matip’s height and aerial ability will surely help the team improve that statistic in the next campaign.
Matip’s ability to attack set-pieces will also be exciting for Liverpool fans.
He has an impressive 23 goals in his Schalke career so far and has already scored four this season.
Compare that to Liverpool central defenders - Martin Skrtel and Kolo Toure have one goal each this campaign while Dean Lovren and Mamadou Sakho have only scored once in their Liverpool careers so far.