Media watchLiverpool agree British-record £111m fee with Brighton to sign midfielder

The fee is understood to be worth £111m, with Caicedo set to travel to Liverpool on Friday for a medical. There will also be a sell-on clause included in the deal.

Brighton set a deadline for midnight on Thursday for bids to come in - and provided their valuation was met, they would go with the highest bidder.

Full story: Sky Sports