Liverpool forward Rhian Brewster is set to sign for Sheffield United in a club record deal worth £23.5m.
The package for the England Under-21 international includes a buy-back option for three years and the Reds will get 15% of any sell-on fee.
Brewster, 20, helped England win the Under-17 World Cup in 2017 and scored 11 goals in 22 appearances while on loan at Swansea City last season.
The Blades are yet to score in three Premier League games this season.
Several English top-flight clubs - including Aston Villa, Brighton, Burnley, Crystal Palace, Fulham and Newcastle United - had enquired about signing Brewster on loan.
He won the Golden Boot with eight goals at the Under-17 World Cup, playing in an England team alongside Manchester City midfielder Phil Foden and Borussia Dortmund forward Jadon Sancho.
"I can't confirm that it's all been done but we have been in negotiations with Liverpool for a while and discussions between the player and the club are still ongoing," said Blades boss Chris Wilder on Friday.
"There's nothing to announce at this minute but we are down the line.
"It is an area we need to improve and that's not being disrespectful to the strikers we already have here. We need competition in the group."
Brewster has recovered after suffering a serious ankle injury in January 2018 which ruled him out for the rest of that season.
The forward has made four Liverpool appearances, three in 2019-20 cup competitions and once as a substitute in the penalty-shootout defeat by Arsenal in this season's Community Shield.
"He couldn't make it here so far but he has made big steps in his development," said Liverpool manager Jurgen Klopp.
"Rhian was really seriously injured and first we had to make sure he was ready again for all the demands of professional football and he is, 100%.
"When you are younger, [it is important] a player like Rhian in this position up front now makes the next steps and uses the time he lost during the serious injury - so it is possible a move to another club would make sense."
United's previous record signing was the £22m they paid for Norwegian midfielder Sander Berge from Belgian side Genk in January.
Blades forward Lys Mousset is out injured while Oli Burke is yet to get off the mark since he arrived as part of a swap deal with Callum Robinson, who has scored twice for this new side West Brom this season.
David McGoldrick is seen as a link-up player and only scored twice in the Premier League last season.
Wilder's side, who are 19th in the Premier League, have a tough run of upcoming fixtures. They travel to Arsenal on Sunday before a trip to champions Liverpool on 24 October and they then host Manchester City a week later.
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