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Liverpool 'are closing in on Porto and Colombia winger Luis Diaz' after agreeing deal worth £37.5m plus £12.5m in add-ons to snatch the player from under Tottenham's noses

Liverpool 'are closing in on the signing of Luis Diaz' after hijacking Tottenham's move for the Porto and Colombia winger.

The deal to take Diaz to Anfield will reportedly be worth £37.5million with £12.5m in add-ons.

Tottenham believed they had an agreement with Porto for the 25-year-old ahead of Monday's transfer deadline.

But Diaz's preference was to sign for Liverpool and he held out for the move, according to The Daily Mirror.

Manchester United had also been linked with a move for Diaz, who rejected a move to Everton last year in exchange for his compatriot James Rodriguez.