Emre Can to join Liverpool
Liverpool have confirmed they have agreed a deal in principle with Bayer Leverkusen to sign 20-year-old midfielder Emre Can.
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The Reds have been chasing the Germany Under-21 international for some time but the process was held up by complications associated with a buy-back clause Bayern Munich inserted into the deal which took the 20-year-old to Leverkusen for £4.4million 12 months ago.
Press Association Sport understands Can will officially join Liverpool on July 1 when all the relevant paperwork can be completed but the player has already signed a contract with the club.
Can had a 12 million euro (£9.75million) release clause effective for foreign clubs and it is reported Bayern will receive £1.2million as compensation for waiving their buy-back option.
The 20-year-old midfielder follows Southampton striker Rickie Lambert to Anfield as manager Brendan Rodgers' summer strengthening continues ahead of a Champions League return next season.
#LFC have today agreed a deal in principle with Bayer Leverkusen for Emre Can, subject to completion of documentation
A deal for the German progressed significantly on Wednesday when Leverkusen confirmed Liverpool had made an official bid and it was concluded late on Wednesday night.
"Until Tuesday, it was a rumour," Leverkusen chief executive Michael Schade told German newspaper Bild on Wednesday.
"Now I can confirm that an official offer from Liverpool is received by mail."
In a short statement Liverpool said: "Liverpool have today agreed a deal in principle with Bayer Leverkusen to sign 20-year-old Emre Can, subject to documentation being completed."
Schade, in confirming Can's depature, said the club were powerless to keep the player once his release clause was met.
"Emre Can has developed very quickly at Bayer 04 Leverkusen over the past 12 months," he told the club's website.
"We wanted to keep Emre at Leverkusen but the release clause is part of his contract.
"So we wish him all the best and lots of success in his time in the Premier League."