Liverpool have finalized a £116 million transfer agreement to bring German attacking midfielder Florian Wirtz from Bayer Leverkusen, a deal that includes a £100 million base fee and a further £16m in add-ons.
Those bonus payments can only become payable if the Reds attain a level of continuous success, which would then make it a British record.
The British record for an initial fee remains Chelsea's £107m signing of Argentina midfielder Enzo Fernandez from Benfica in 2023.
Chelsea also brought in Brighton midfielder Moises Caicedo for an initial £100m fee, which could rise to £115m.
Nevertheless, the movement wikk be a club record fee for Liverpool.
It is believed that Wirtz has made it clear that his preference was a move to Anfield, with Liverpool negotiating a deal which is below Leverkusen's valuation of about £126m.
He made his first appearance for Leverkusen at the age of 17, scoring 57 goals in 197 games for the club, and assisted them in winning the Bundesliga for the first time in 2024.
He has scored seven goals in 31 appearances for Germany since making his international debut in 2021.
Wirtz is set to become the second player Liverpool have bought from Bayer Leverkusen this summer, with right full-back Jeremie Frimpong having arrived in a £34m deal.
The Reds will now turn their attentions to securing a deal for Bournemouth left-back Milos Kerkez, with talks taking place about a deal of between £45m-£50m.
Liverpool, having won the 2024-25 Premier League title in manager Arne Slot's first season, have sought to bolster their squad - and the level of their outlay is believed to have been helped by limiting their spending in previous transfer windows.
Last summer, just Italy winger Federico Chiesa was added, he was bought for £12.5m from Juventus, while Georgia goalkeeper Giorgi Mamardashvili was signed from Valencia in a £29m deal which will involve him joining before the start of next season.
They are also open to selling certain players as they look to rebalance their summer spend, such as striker Nunez, who is attracting interest from Saudi Arabia and other European clubs.
Centre-backs Jarrell Quansah and Joe Gomez may also leave Anfield this summer.
They have also lost England right-back Trent Alexander-Arnold, who has joined Real Madrid.
There's information that Liverpool have indicated Real paid the Reds 10m euros (£8.4m) to release Alexander-Arnold early from his contract, which was supposed to end on 30 June, so he could yplay at this month's Club World Cup, although sources at the Spanish club have suggested they paid less than that.