Liverpool have agreed a British-record transfer fee with Brighton for midfielder Moises Caicedo.
The fee is understood to be worth £110m, with Caicedo set to travel to Liverpool on Friday for a medical. Brighton set a deadline for midnight on Thursday for bids to come in – and provided their valuation was met, they would go with the highest bidder. Liverpool’s offer of £110m was not matched.
It is understood Chelsea were prepared to go to £100m, while Bayern Munich indicated they would pay £90m.