Liverpool have agreed a deal in principal to sign Celta Vigo forward Iago Aspas.
The transfer, believed to be costing the Reds about £7.7million, will be finalised once the necessary documentation has been completed.
The 25-year-old becomes manager Brendan Rodgers' second signing of the summer, having already brought in Manchester City centre-back Kolo Toure on a free transfer.
Liverpool have been tracking Aspas for some time and the move has been in the pipeline for the last few weeks.
Celta Vigo's successful fight against relegation from the Primera Division on the final day of the season earlier this month held up progress.
Once their future was secured the Reds were able to advance the deal, although it took slightly longer than expected because of complications at the Spanish end.
Aspas, who scored 12 goals in 34 league appearances last season, was on Merseyside earlier this week for a medical and once that was completed it was just a question of ironing out some red tape issues with Celta.
The forward was identified as a target this summer before Luis Suarez began publicly courting Real Madrid and was intended to play alongside and not replace the Uruguay international, although that seems increasingly unlikely.
Liverpool are also hopeful a deal can be done for Sevilla youngster Luis Alberto.
The 20-year-old has been on loan at Barcelona B but today was the deadline for the Catalan club to offer the midfielder a permanent contract.
Having tracked the youngster's progress and made it clear to his parent club they are interested in a deal Liverpool are optimistic they can add the promising talent to their ranks.
Rodgers is keen to get as much of his business done as quickly as possible and they have made a move to bring in Sporting Lisbon's 20-year-old defender Tiago Ilori while attempts are being made to secure the services of Schalke centre-back Kyriakos Papadopoulos.
Liverpool have also been linked with Sunderland goalkeeper Simon Mignolet, with the future of Jose Reina still uncertain, and Shakhtar Donetsk's Armenia midfielder Henrikh Mkhitaryan - whose capture would become more important should Suarez leave.
The club hope to offset some of their outlay by selling striker Andy Carroll to West Ham but although a £15million-plus deal has been in place for some time the player is stalling on agreeing to the move.