Liverpool have agreed a deal with Chelsea for the 23-year-old England international and a £60,000 per week contract with the player.
Liverpool are desperate to bolster their forward line, with Luis Suarez their only fit out-and-out striker and boss Brendan Rodgers has been keeping tabs on Sturridge since the summer.
Liverpool cannot officially register any new signing until 2 January when the transfer window opens.
The former Manchester City striker has made seven league appearances for Chelsea this season, scoring one goal.
His last league appearance for the Blues was in the 2-1 defeat by West Bromwich Albion on 17 November.
Sturridge has not featured since Rafael Benitez arrived at Stamford Bridge, due to a hamstring injury.
Source: Sky Sports
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