It is anticipated that Smith’s move to Arsenal will eclipse Naomi Girma’s £900,000 switch to Chelsea from San Diego Wave in January.
Smith, who joined Liverpool for £210,000 from Sporting Lisbon only last year, could have her medical at Arsenal within the next 48 hours.
Smith is set to become the third major signing for Arsenal this summer with the club keen to carry on the momentum of winning the Champions League.
Chloe Kelly, 27, has already signed from Manchester City, while 26-year-old Taylor Hinds’ move from Liverpool was announced earlier this weekSmith’s expected move also fits Arsenal manager Renee Slegers’ decision to bring down the average age of her squad.
Both Arsenal and Liverpool have been approached for comment. For more news relating to Arsenal, visit our sister site AFC Latest Live.