Liverpool will receive £240,000 compensation for Joao Teixeira after the 23-year-old joined Porto, Press Association Sport reports.
The Portuguese club revealed on Monday that Teixeira had agreed a four-year contract to return to his homeland and the Reds have now officially confirmed the player will leave when his contract expires at the end of the month.
Teixeira originally moved to Merseyside from Sporting Lisbon in January 2012 and made his first-team debut as a substitute in a 3-2 victory...
Joao Teixeira has signed a four-year deal with Porto after completing a free transfer from Liverpool, the Portuguese club announced on Monday night.
Teixeira was out of contract at Liverpool but was listed on the Premier League club's retained list, meaning the midfielder was offered new terms.
However, the 23-year-old has instead opted to return to his homeland.
"I'm extremely happy. It was a dream of mine to play for this great club," he told Porto's website. "I had the ambition of wearing this...
Liverpool midfielder Joao Teixeira has agreed a deal to join Porto after turning down a new contract at Anfield, a source close to the player has told ESPN FC.
Teixeira is out of contract at Liverpool, but the club's retained list showed that the Portuguese was offered new terms.
However, he rejected the chance to extend his stay on Merseyside and is now poised to return to Portugal.
Teixeira joined Liverpool from Sporting Lisbon in 2012, but struggled to break into the first team at Anfield.
Porto have announced that former Valencia and Rio Ave manager Nuno Espirito Santo has returned to the club as their new head coach.
Former goalkeeper Nuno spent three years at the club between 2007-2010, winning 13 trophies.
Nuno has signed a two-year contract with Porto, who finished third in 2015-16, succeeding Jose Peseiro as manager.
He said on the club's official website:...