Liverpool have agreed a €50million (£44m) deal with PSV Eindhoven for striker Cody Gakpo.
The clubs held talks on Monday night as Liverpool moved to head off competition from Manchester United.
United had instigated talks but were still to finalise a financial offer and Liverpool have taken advantage.
Liverpool have hijacked Manchester United's move for PSV and Holland striker Cody Gakpo
PSV and @LFC have reached an agreement on the proposed transfer of Cody Gakpo.
The 23-year-old attacker will leave for England imminently where he will be subjected to the necessary formalities ahead of the completion of the transfer.