Nunez scored 34 times in all competitions for Benfica last season and is rated at €100m (£85.5m); He wants to move to Liverpool and is ready to sign five-year contract; Manchester United are also interested in the 22-year-old striker.

The player wants to move to Liverpool and is ready to sign a five-year contract.

Liverpool's director of football, Julian Ward, is in Portugal to try to complete the transfer, with negotiations centred on the structure of the deal.

Benfica are asking for at least €100m (£85.5m) but Liverpool are only willing to pay a total they consider fair value.

The Uruguay international scored 34 times for Benfica last season in all competitions, including goals in both legs of the club's Champions League quarter-final defeat to Liverpool in April.

Manchester United are also admirers of the 22-year-old.

But Liverpool are not prepared to enter a bidding war for their number one transfer target, despite doubts over the futures of Sadio Mane and Mohamed Salah.

The 30-year-old has one year left on his contract and joked the majority of people in Senegal want him to leave Anfield.

Salah also has one year left on his Liverpool contract but announced before last month's Champions League final defeat to Real Madrid that he will be staying in Merseyside for at least one more season.