Liverpool have signed winger Luis Diaz from Porto for an initial fee of £37m.

The 25-year-old has signed a five-and-a-half-year contract with the Premier League side and will wear the number 23 shirt.

The fee for Diaz could rise to as much as £49m if potential add-ons are triggered during his time at Anfield.

The Colombia international was a top target for manager Jurgen Klopp in the summer, but interest from Tottenham this month accelerated their plans.

Spurs wanted to sign Diaz during the current window and were willing to pay up to £46m, but the winger preferred a move to Liverpool.

Diaz underwent a medical in Argentina as he is on international duty with Colombia for their World Cup qualifiers.

The deal represents a big coup for Julian Ward, who is set to succeed Liverpool sporting director Michael Edwards in the summer, as he took the reins in negotiations.

Diaz requires a work permit to enter the UK, meaning he is unlikely to arrive in Liverpool until the end of next week at the earliest.

Liverpool’s next match is at home to Cardiff in the FA Cup on Sunday, February 6.

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