Source: BBC SportLiverpool have signed Sevilla forward Luis Alberto on a long-term deal for a fee believed to be Â£6.8m. The 20-year-old has been on loan at Barcelona B but the Spanish champions decided against taking up their option on the Spain Under-21 international, allowing Liverpool to step in.
Reds boss Brendan Rodgers said: "He has the correct footballing profile and mentality to be a Liverpool player. "I look forward to working with him to develop his talent."
The Reds are also set to sign Sunderland goalkeeper Simon Mignolet for Â£9m next week.
The Belgium international is expected on Merseyside in the next few days to undergo a medical and complete the formalities of the move.
The Anfield club have already signed Kolo Toure from Manchester City on a free transfer and have a Â£6.7m deal agreed in principle for Celta Vigo's Iago Aspas which will go through once paperwork has been completed.