Liverpool have signed England youth international Seyi Ojo from Milton Keynes Dons.
The 14-year-old will join the club's youth academy after impressing while on England under-16 duty.
Chelsea had reportedly been following Ojo, who could become the most expensive player of his age with a £2 million fee being linked with his services.
MK Dons chairman Pete Winkelman said: “This is the opportunity of a lifetime for Seyi and his parents which has proved far too difficult to turn down.
“There has been a lot of interest and speculation regarding Seyi which he has coped with admirably.”
"We are extremely proud to have Seyi in our record books as our first schoolboy to receive an international cap. Everyone at the club would like to wish Seyi the best of luck in his future and we all look forward to the day he runs out at Anfield."
Reports had suggested that Ojo felt his opportunities to break into the first-team at Liverpool would be increased given the current influx of youth players in Kenny Dalglish's first-team.
The likes of Jay Spearing, Jack Robinson, Jon Flanagan and Martin Kelly have all recently broken into the first-team at The Reds after developing in the club's academy, while the summer purchases of Jordan Henderson and Sebastian Coates further emphasises the club's policy of looking to the future.