According to PSV Eindhoven, Liverpool and the Dutch attacker Cody Gakpo have reached an agreement.
The 23-year-old Gakpo had a strong World Cup in Qatar, scoring three goals and advancing the Netherlands to the quarterfinals.
A price of 40 million to 50 million euros (£35.4 million to £44.3 million) is anticipated for the winger.
Gakpo will visit England to finalize the deal, according to PSV, who also note that it would be a record transfer for them.
Gakpo has been in excellent form for PSV this season, contributing 12 assists and nine goals in 14 league appearances.
In five Europa League games, he also managed three goals and two assists.
He scored in each of his nation’s World Cup group matches against Senegal, Ecuador, and Qatar.
“The PSV management completed the negotiations on Boxing Day and gave Gakpo permission to travel to England,” said a statement from the Eredivisie side.