Liverpool have revealed that they have had a £20million bid for England winger Stewart Downing accepted by Aston Villa.
Liverpool have now been granted permission to discuss personal terms with the player and arrange a medical.
Villa, meanwhile, are set to see both of their England international wingers head for the exits in the same summer.
Ashley Young has already completed a £16million move to Manchester United.
Source: Liverpool FC Official, Sky Sports
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The former Blackpool midfielder showed some neat touches throughout a promising cameo as goals from Christian Poulsen, David Ngog, debutant Conor Coady and Andy Carroll gave Kenny Dalglish's side victory in front of a passionate crowd in Guangzhou.
Konchesky followed Roy Hodgson to Anfield from Fulham for £4 million last summer and, like his former manager, has endured a dreadful time on Merseyside. He spent the end of last season on loan at Nottingham Forest.
The 31-year-old's agent said last week that a deal was imminent following several weeks of negotiations.
However, Aquilani's agent, Franco Zavaglia, told Tuttomercatoweb.it: "His future for the time being is at Liverpool. The player will remain there.
Aly Cissokho could become the answer to Liverpool's left-back problems after Lyon revealed they are willing to listen to offers.
It's now reported Sunderland are willing to pay £14million to take Aquilani off Liverpool's hands.
Technically Meireles was excellent. But aggressively he was lacking. Based on last season he won 38 tackles and lost 20. And in the English Premier League that’s not good enough.
The former Blackpool man put pen to paper on his new contract on Thursday afternoon after successfully completing a medical.
Adam silenced the Kop last season by netting a penalty at the Kop end during Blackpool's shock 2-1 Anfield victory - but now he's looking forward to instead putting smiles on the faces of Liverpool fans.
The defender committed himself to the Reds by putting pen to paper on the deal at Melwood on Wednesday afternoon - and then explained to us why he had no hesitation in doing so.
All the rumours on Liverpool in the transfer market for a new left-back has left me wondering why? Insua, a prominent figure in Rafael Benitez squad before being shipped out on loan last summer by Roy Hodgson.
Liverpool Football Club today announced they have reached agreement with Blackpool for the transfer of Charlie Adam.
Rumours have suggested that 26-year-old Downing has grown frustrated at Villa Park following last season's disappointing and uncertain campaign.
But when the Magpies slapped a massive £15million price tag on the Spanish defender, even though he has only a year left on his contract, Liverpool switched their sights to Clichy.
It is believed that new boss Alex McLeish is reluctant to lose the England international, but with recent contract talks at Villa Park stalling, the club may be prepared to take accept a transfer fee and move instead for Charles N'Zogbia from Wigan.
After Stephen Darby and Jonjo Shelvey were proposed as two of the possible makeweights, 19-year-old Wilson is the third young Red to be linked with a move to Bloomfield Road as part of the package for Adam.
Oyston revealed 11 days ago that he had held initial talks with the Anfield club, saying in The Gazette: "We've had a few very preliminary discussions and enquiries but nothing of any substance."
Liverpool boss Kenny Dalglish has already brought in Jordan Henderson from Sunderland this summer, but is looking to add further creative players to his squad.
The French full-back has been linked with a number of clubs this summer, with it reported that he is keen to take on a new challenge.
Attacking midfielder Boudebouz, 21, had an outstanding season for the French club, helping them to finish fifth and qualify for the Europa League.
Konchesky is widely expected to leave Liverpool
this summer with the player not figuring in Kenny Dalglish's long-term plans.
Midfielder Sylvain Marveaux, 25, has agreed terms to join Newcastle United on July 1 from Rennes, after agreeing a five-year-deal at St. James' Park. 
Stoke are among those leading the chase and hope to steal a march on their rivals by making an early move.
The first day clash will give new signing Jordan Henderson an immediate opportunity to come up against his former teammates as the Reds look to kick off the new campaign with a winning start in front of their own supporters.
Udinese defender Cristian Zapata has revealed that he is close to agreeing a deal with Liverpool. 
The former Greece international, 32 next month, originally joined on a two-year deal from AEK Athens at the start of the 2009-10 season.
The 25-year-old is out of contract following five seasons in the Rennes first team and has been linked with a move to Anfield since January.
Argentina international Gago, 25, is rated at around £15million, but Liverpool are weighing up a bid of around £10million. 
The deal for the 25-year-old left back is set to be completed on Wednesday if he passes a medical, the club said on their website on Tuesday.
Meireles, 28, eventually enjoyed a successful first season in the premier league after a slow start. Helping Dalglish’s men gain a credible Premiership spot after a troubled spell under Roy Hodgson.
With the design inspiration taken from the classic tracksuit tops worn by the famous Liverpool teams of the mid 1980s, this brand new kit presents a modern look whilst giving a nostalgic nod to the club's illustrious past.
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The 30-year-old started his career at Newell's before leaving for Espanyol in 2002.
