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Manchester City have agreed a £49million deal for Liverpool forward Raheem Sterling.

The deal is understood to be £44million paid up front and then a further £5million in add-ons based largely on appearances. It will now be completed and confirmed within the next 24 hours.

Liverpool have given Sterling, 20, permission to negotiate with City over personal terms which will now be a formality and he will undergo a medical on Monday.

England star Sterling is then expected to fly out and join up with City’s pre-season tour Down Under as early as Tuesday.

It finally brings to an end one of the Premier League’s most protracted and bitter sagas.

REACTION: An open letter to Raheem from a Liverpool fan

(Image: Reuters)

ANDY DUNN: Sterling is wrong to have treated Rodgers like this

City had made two precious bids of £30million and £40million but both were turned down with Liverpool holding out for £50million.

But Sterling told Brendan Rodgers this week that he did not want to be on Liverpool’s pre-season tour to Australia and the Far East.

That turned up the pressure to get a deal done and it is understood that City re-established contact on Friday and lodged a new bid on Saturday morning.

Raheem Sterling - Premier League 2014/15 3,045 Minutes played 7 Goals 8 Assists

They have spent the last 24 hours thrashing out the details of the improved third bid and now the deal will be concluded quickly after agreement was reached.

Liverpool believe they have reached a good price even though they are reluctant to sell English football’s most exciting young talent.

While City finally believe they have got their man which is an exciting talent and also is an English player which helps their quota.

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Done Deals - Summer 2015: