Liverpool agree British-record £110m fee to sign Caicedo

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 formally submitted their proposal late on Thursday night after Caicedo indicated his willingness to move to Anfield.

As reported by Sky Sports News, they were locked in discussions with Brighton to ascertain all the financial parameters of doing a deal in case Chelsea couldn't or wouldn't reach an agreement.

Liverpool were informed just after midnight that they were indeed the highest bidders. Personal terms with Caicedo have been agreed and planning for all the formalities of a transfer are now in motion.