LONDON: Liverpool have completed the signing of Colombia forward Luis Diaz from Porto, the Premier League club have announced.

The 25-year-old has signed a long-term contract with the Anfield club, understood to run until 2027, after the Reds agreed an initial fee of £37.5m with the Portuguese outfit.

The deal, which could also see Liverpool pay an additional £12.5m in potential add-ons, is subject to the acquisition of a work permit.

A tweet from the club read: “The moment you’ve been waiting for… Luis Diaz is a RED.”

Liverpool representatives travelled to South America, where Diaz is currently on international duty, to complete the deal ahead of Monday’s transfer deadline.

Diaz, who is due to play for Colombia in a World Cup qualifier in Argentina on Tuesday, is not expected to arrive on Merseyside until later in the week at the earliest.

Liverpool have beaten off competition from other clubs, notably Tottenham, to secure the services of the player.

Diaz was understood to have been Klopp’s first target for next summer but the club decided to move earlier than planned due to the interest of others.

In a brief video clip released by Liverpool, Diaz said: “I’m really happy to sign for Liverpool.”

Diaz scored 41 goals in 125 games for Porto after moving to Europe from Colombia’s Junior FC in the summer of 2019.

He played against Liverpool twice earlier this season as Porto faced Jurgen Klopp’s side in the Champions League group stage.

He has also scored seven times in 31 appearances for his country.

Newcastle pounce

Newcastle have confirmed the signing of Brazil international Bruno Guimaraes from Lyon on a four-and-a-half-year deal.

The 24-year-old becomes the club’s third addition of the January transfer window but will not link up with the St James’ Park outfit until next week due to international duty.

Magpies boss Eddie Howe said: “Bruno is a hugely exciting talent and has been one of our primary targets so I’m delighted to secure him. He strengthens the group immediately ready for the challenge ahead.

“He has been one of the standout performers in France and is a full international for Brazil so I have no doubt our supporters will really enjoy watching him. We look forward to welcoming him to the club on his return from international duty.”

Newcastle have also agreed a fee with Brighton for defender Dan Burn.

Completion of the deal ahead of Monday’s transfer deadline would see Burn join full-back Kieran Trippier and striker Chris Wood as new additions to the Magpies’ squad this month, as well as Guimaraes.

The fee agreed for Burn, 29, is believed to be in the region of £13m.