Liverpool and Bayern Munich are in advanced talks for the transfer of Luis Díaz, with sources telling ESPN they are close to agreeing a fee £65.5m ($88m) for his transfer.

The Liverpool winger is set to move to the Bundesliga giants as the Reds continue their ambitious forward line rebuild.

The reigning Bundesliga champions have endured a summer of spurned advances and failed bids. Nico Williams signed a new contract with Athletic Club, VfB Stuttgart have held firm on their valuation of Nick Woltemade and Liverpool beat Bayern to the record-breaking acquisition of Florian Wirtz.