Most expensive Premier League transfers: How Moises Caicedo ranks with Man City, Chelsea, Man U and Arsenal

Caicedo, 21, is expected to agree personal terms at Anfield and then complete his medical before confirming the deal. He is set to reunite with his previous Brighton team-mate Alexis Mac Allister, who signed for Liverpool from Brighton earlier this transfer window for an initial fee of £35m.

It's a remarkable transfer twist for Caicedo as the Eucador ace appeared destined for Chelsea but the Blues dithered all summer and failed to match Brighton's £100m valuation. Jurgen Klopp was determined to bolster his Liverpool midfield, having lost Jordan Henderson and Fabinho to Saudi Arabia. The proposed fee also surpasses the £105m Arsenal paid West Ham to land Declan Rice last month.