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Trent Alexander-Arnold will become a Real Madrid player on Sunday, 1 June after Liverpool accepted a fee to release the defender early from his contract.
The move means the England right-back will join the Spanish side in time to play in the Club World Cup.
Alexander-Arnold, who had already confirmed he would leave Liverpool this summer, has agreed a six-year deal.
The 26-year-old would have been able to leave Liverpool on a free transfer when his contract expired on 30 June.
Fifa approved an additional window for this summer, from 1-10 June, allowing teams to register new players for the expanded month-long Club World Cup, which starts on 14 June and is being held in the United States.
More to follow.