Liverpool have completed the signing of Luis Diaz from Porto.
The Reds have made their move in the closing stages of the January transfer window to bring the high-rated Colombia international to Anfield.
Diaz has put pen to paper on a five-year contract at Anfield, after Liverpool agreed a deal that could rise to £49m with Porto. He'll wear number 23.
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The 25-year-old was believed to have had a £67m release clause in his contract, but Porto have been forced to take a financial hit after finishing third in their Champions League group behind Liverpool and Atletico Madrid.
As a result, the Reds' bid of £37m with a further £12m has been a successful one.
Anfield sources believe an early move for Diaz presents better value for the club with Porto initially eyeing a fee in excess of £49m in the summer months, which was the winger's original asking price.
Tottenham Hotspur were also heavily linked with signing Diaz, but Liverpool have stolen a march on their Premier League rivals to bring the forward to Merseyside.
Liverpool sent a delegation out to meet Diaz in Argentina over the weekend, with a medical being completed.
Diaz will be able to travel to Liverpool towards the end of next week once his international commitments are fulfilled.
