Liverpool are reportedly closing in on signing Riyad Mahrez. (Reuters)

Liverpool are closing in on a £49 million deal for Leicester City winger Riyad Mahrez, according to reports.

Earlier on Saturday, Liverpool and Barcelona agreed a £142m transfer fee for Philippe Coutinho, who has now travelled to Spain to finalise his move.

beIN Sports claim that Liverpool are now in the process of signing Mahrez and will pay €55m (£49m) for the Algeria international.

The report also claims that the 26-year-old will undergo a medical on Sunday and has agreed a four-and-a-half-year contract with Jurgen Klopp’s side.


Mahrez is due to undergo a medical on Sunday. (AFP/Getty Images)

Chelsea and Arsenal have also been linked with a move for Mahrez, with Leicester City open to selling the midfielder if they received an acceptable bid.



Roma had also wanted Mahrez in the summer transfer window but Leicester rejected their £35m offer.

The Algerian was one of Leicester’s star players in their title-winning season two years ago, while this term he has scored seven goals and registered seven assists in 22 Premier League appearances.

Mahrez was also linked with Arsenal and Chelsea. (Getty Images)

Liverpool had also targeted a move for Thomas Lemar this month but Monaco insisted this week that the France international would not be allowed to leave before the end of the campaign.

Klopp’s side had attempted to sign Lemar in the closing stages of the summer transfer window but the Ligue 1 champions refused all offers, including one from Arsenal.