Benfica have reached an agreement with Liverpool for forward Darwin Nunez for an initial fee of €75 million ($78.59m), the Portuguese club announced on Monday.
ESPN reported on Sunday that Liverpool had agreed to break their transfer record to land the 22-year-old striker in a deal that could be worth up to €100m, if €25m in add-ons are met.
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A Benfica statement said: "The agreement provides for the payment of a variable remuneration, so the global amount of the sale could reach the amount of €100m.