Liverpool agree £45m deal with Wolves for Diogo Jota with forward set to sign a five-year contract

Liverpool are on the cusp of their third signing of the summer in the form of Diogo Jota.

Late on Friday night, the Reds agreed a £45million transfer with Wolves for the 23-year-old’s services.

Liverpool will pay an initial £41m up front with the other £4m in add-ons.

Jota has agreed a five-year contract with the Anfield outfit and is expected to put pen-to-paper on that on Saturday.

It will take Liverpool’s spending in just over 24 hours to £72.4m – following the arrival of Thiago Alcantara from Bayern Munich on Friday – although £9m will be recouped with the sale of teenage defender Ki-Jana Hoever to Wolves with the prospect of the whole deal being worth £13.5m plus a 15 per cent sell-on clause.

It is understood Wolves have agreed to flexible payment terms which will see Liverpool pay as little as 10 per cent of the initial £41m fee over the next 12 months.

Liverpool turned their attention to the Portuguese after Watford quoted them in excess of £40m for Ismaila Sarr.

Portugal international Jota, who can play across the forward line, will provide important back-up for Mohamed Salah, Roberto Firmino and Sadio Mane.