Liverpool have agreed a fee of £35 million with Arsenal for Alex Oxlade-Chamberlain, who rejected Chelsea to secure a move to Anfield.
The England international is expected to undergo a medical at St George’s Park ahead of finalising a five-year deal with the Reds.
This is the situation Antonio Conte had feared after reaching a £40m accord with the Gunners on Monday for the 24-year-old.
Arsenal had preferred to see the versatile player – in the final year of his contract – at Stamford Bridge, having informed Jurgen Klopp’s side earlier in the window there would be no transaction between the clubs.
Oxlade-Chamberlain believes he will have the opportunity to operate in his favoured midfield role more under Klopp if he impresses.
He would become the fourth new acquisition at Anfield if things progress as planned, following Mohamed Salah, Dominic Solanke and Andy Robertson.
Liverpool have also secured RB Leipzig dynamo Naby Keita in a club-record deal for next summer.