A Liverpool spokesman confirmed: "We have reached a verbal agreement with Portsmouth and have given them permission to speak with Peter."Liverpool manager Rafael Benitez will step up efforts to secure his primary transfer targets after agreeing a fee with Portsmouth for the sale of striker Peter Crouch.
The two clubs had been at odds over the England international's value, with Benitez putting it as high as £15million earlier in the summer and Pompey making an offer of £9million, but a compromise appears to have been reached on the structuring of the deal.
Reports suggest Portsmouth will pay an initial £8million with a further £3million payable in add-ons over the course of Crouch's contract at Fratton Park.
"We have reached a verbal agreement with Portsmouth and have given them permission to speak with Peter," a spokesman told the club's website, Liverpoolfc.tv.
Crouch joined Liverpool for £7million from Southampton in 2005, having previously played for Pompey in 2001-02, but last season found his opportunities in the starting line-up limited as Benitez changed his formation to get the best out of record signing Fernando Torres and inspirational captain Steven Gerrard.
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