Liverpool hope to hold a medical for Darwin Nunez on Monday.
The Benfica striker has agreed personal terms with the Reds and a breakthrough over a transfer fee has been found.
The Daily Mail says Julian Ward, Liverpool's sporting director, has been in Lisbon over the weekend for talks with his Benfica counterpart Pedro Marques for the Uruguay international.
Nunez's Liverpool deal will be worth £120,000-a-week. It will run for six years.
Liverpool will pay an initial £64million with a further £12.8million payable on appearances, and then an additional £8.5million linked into the success of Jurgen Klopp's team.
Benfica had proposed the deal be split into an initial value of £68million, followed by £17million in bonuses.
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