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Al-Hilal have reached an agreement to sign Liverpool striker Darwin Nunez for 53m euros (£46.3m)
Nunez is now expected to have a medical before his move to the Saudi Pro League.
The 26-year-old Uruguay forward joined in June 2022 from Portuguese side Benfica for an initial fee of £64m.
Nunez has scored 40 goals in 143 appearances but only started eight Premier League games during Liverpool's title-winning campaign last season.
Selling Nunez would financially boost the Reds' chances of signing Newcastle striker Alexander Isak in this transfer window.
The Magpies turned down an opening offer of £110m from Liverpool last week as they value the 25-year-old Sweden forward at about £150m.
Liverpool's busy summer of signings include Germany playmaker Florian Wirtz from Bayer Leverkusen for a club record £116m plus French forward Hugo Ekitike from Eintracht Frankfurt in a deal worth £79m, pushing their spending past £250m.
The Reds have also sold Colombia winger Luis Diaz to Bayern Munich for £65.5m and midfielder Tyler Morton to Lyon for £15m, while England Under-21s midfielder Harvey Elliott might also leave the club.
Nunez has also been a target for Italian champions Napoli this summer while other European clubs have shown an interest.
In January, Liverpool reportedly rejected a bid worth £61m from Saudi's Al-Nassr.
Nunez managed just seven goals last season, however, he has scored five goals during the club's four pre-season games, including a hat-trick inside 20 minutes against Stoke in July.
Al-Hilal, who are coached by former Inter Milan boss Simone Inzaghi, finished second in the Saudi Pro League last season.
The Saudi side features former Wolves midfielder Ruben Neves, ex-Manchester City full-back Joao Cancelo and former Fulham and Newcastle striker Aleksandar Mitrovic, as well as Senegal centre-back Kalidou Koulibaly and Morocco goalkeeper Yassine Bounou.
Darwin Nunez has enjoyed some memorable moments with the Reds, such as January's match-winning late brace at Brentford, but has struggled to make an impact consistently.
He has scored just 25 Premier League goals, underperforming his expected goals total by 8.6. That is the second-worst record of any player over the past three years, with only Dominic Calvert-Lewin below him.
The league's best finishers typically register shot conversion rates of over 20%, but Nunez's percentage of 11.1% ranks only 95th. When it comes to shot accuracy, meaning the proportion of efforts directed on target, he also barely scrapes into the top 100.
There is no lack of volume for the striker, who sits inside the top 10 for both shots and shots on target despite only starting 49 top-flight matches for the Merseysiders.
He has also arguably been unlucky, hitting the woodwork 14 times – the most by any player since 2022-23. But ultimately a lack of ruthlessness in front of goal may have persuaded Liverpool now is the time to cash in on the South American.
