Liverpool agree £40m deal for Alex Oxlade-Chamberlain - source
Liverpool have agreed a fee with Arsenal worth up to £40 million for the transfer of Alex Oxlade-Chamberlain, a source has told ESPN FC.
Arsenal have granted permission for Oxlade-Chamberlain to discuss personal terms and undergo a medical with the Reds.
Chelsea had agreed a fee with Arsenal for the England international earlier in the week, but sources said that the player rejected the chance to move to Stamford Bridge.
Sources have indicated that Oxlade-Chamberlain has been keen on a switch to Anfield for some time now and is excited at the prospect of working with manager Jurgen Klopp.
The 24-year-old is currently away with the England squad preparing for their World Cup qualifier against Malta on Friday.
According to a source, the English FA would allow a medical to take place at St. George's Park to minimise disruption ahead of their two upcoming matches.
Oxlade-Chamberlain has played every game of Arsenal's season so far, including Sunday's 4-0 defeat to Liverpool at Anfield.
Arsenal ran the risk of losing the player for nothing upon the expiration of his contract if they did not sell him this summer.
Glenn is ESPN FC's Liverpool correspondent. You can follow him on Twitter: @GlennPrice94.