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Lazar Markovic is set to have a medical later this week as Liverpool close in on their fourth summer signing.
They should secure the £20 million deal for the Benfica winger within the next few days, sources have told ESPN.
Markovic is due on Merseyside to put the finishing touches to the transfer as manager Brendan Rodgers continues to add to his squad.
The 20-year-old, who moved to Portugal from Partizan Belgrade in June 2013, helped Benfica to last season's Europa League final - although he missed the defeat against Sevilla in Turin because of suspension.
Markovic scored five goals in 25 games for Benfica last season.Rodgers has brought in three players so far this summer - England internationals Rickie Lambert and Adam Lallana from Southampton and Germany U21 midfielder Emre Can from Bayer Leverkusen - and is looking to strengthen further.
A deal worth an initial fee of £6m for Lille's Belgian midfielder Divock Origi is in the pipeline - although Tottenham are reportedly trying to muscle in on the deal.
Liverpool are also still pursuing moves for Sevilla left-back Alberto Moreno and Southampton centre-back Dejan Lovren, although they are not close to agreeing a fee for either player.