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The Reds are in negotiations with Bayer Leverkusen after the 22-year-old informed Bayern Munich that he wants to head to Anfield and link up with Jeremie Frimpong once again.
After keeping their transfer powder dry last year, Liverpool have come out and wasted very little time in the market.
They claim that he will be handed a five-year contract worth £355,000-a-week.
He would become the Reds’ second-highest-paid player, behind Mohamed Salah, and eclipse Virgil van Dijk’s weekly salary.
However, the Leverkusen man has already admitted that he is not motivated by money.
“I don't even care about how much money I have in my account or what I might earn in the future,” he told Sports Illustrated Germany this year.
“Of course, you should make sure you get a good contract.
And I think my parents would be angry if I were too fixated on money.
After I moved to Leverkusen at 16, my parents managed my salary and sent me €150 (£126) a month.
“That shaped me.
It was important to my parents that I didn't do anything stupid with my salary.”