Liverpool have signed striker Alexander Isak from Newcastle United for a British transfer record fee of £125m.
Newcastle sources claim the deal could be worth as much as £130m with add-ons.
Sweden international Isak, 25, had a medical on Monday before signing a six-year contract.
Liverpool had an original £110m offer for Isak rejected in August but have now landed their first-choice target of the summer.
The protracted saga came to an end on the final day of the transfer window, with the Reds announcing the deal at 21:30 BST, two and a half hours after the window closed.
It follows Newcastle having signed Germany international striker Nick Woltemade from Stuttgart last week and Brentford forward Yoane Wissa in a £50m deal on Monday
However, Liverpool failed to complete a £35m deal to sign England defender Marc Guehi from Crystal Palace. The 25-year-old had a medical with the Reds, but Palace’s failure to sign a replacement meant the deal collapsed.
Isak scored in Newcastle’s 2-1 win over Liverpool in the Carabao Cup final in March as the club won their first domestic trophy in 70 years.
However, he said he wanted to leave the club earlier in the summer and has not played for them in this campaign.
When announcing the deal, Newcastle issued a terse 37-word statement on the club website.
The statement said: “Newcastle United can announce the sale of striker Alexander Isak to Liverpool for a significant British record transfer fee.
“The Sweden international joined the Magpies from Real Sociedad in 2022 and made 109 appearances in all competitions.”
More to follow.