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Bournemouth have signed Liverpool striker Dominic Solanke in a £19million deal.
The 21-year-old had attracted interest from Crystal Palace in recent weeks, but after they cooled interest, the Cherries moved swiftly and Press Association Sport understands extra payments have been factored into the transfer on top of an initial fee.
Solanke's arrival, likely to be the first of two moves from Anfield to the Vitality Stadium with defender Nathaniel Clyne set to join on loan until the end of the season, will pave the way for Jermain Defoe to join Rangers on an 18-month loan.
The 36-year-old former England striker has found his first-team chances limited this season.
Solanke, who moved to Anfield in the summer of May 2017 for an undisclosed compensation fee as a former academy player, and made 27 appearances in his first season but has yet to feature in the current campaign.
The 21-year-old is keen to play first-team football, having left Chelsea for exactly that same reason and with little chance of displacing the trio of Roberto Firmino, Sadio Mane or Mohamed Salah in the near future has decided to look elsewhere.
Speaking to afcbTV, Solanke said: "I think the club is going somewhere. Over the past few years, they have been really good in the Premier League and had some good positional finishes as well. I think it's a good club to be at, especially for someone of my age.
"I spoke with the manager this morning (Friday). He is a really nice guy. From playing and watching the Premier League, I know the sort of manager he is. I was excited to meet him and am really looking forward to working with him and seeing what he's about.
"My main target is to score goals and, being a striker, hopefully I can get a few for the team and help the team get wins. Playing in the Premier League, every game is tough and together we can try to do as well as we can."
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Bournemouth midfielder Lewis Cook faces six to nine months on the sidelines with a ruptured anterior cruciate ligament, the club have announced.
The 21-year-old England international suffered the injury during the 2-1 Premier League victory over Huddersfield on Tuesday, and scans revealed the extent of the damage to his right knee.
"We are all devastated for Lewis," Bournemouth manager Eddie Howe told the official club website.
"It is a huge blow to a very talented player who has been a very important part of our side over the last 18 months."