Liverpool are to sign Dominic Solanke from Chelsea having beaten several Premier League and European clubs to a deal for the promising young striker.

The 19-year-old has agreed terms with the Anfield club after refusing to sign a contract extension at Stamford Bridge amid concern over a lack of first-team opportunities. Solanke’s current deal expires this summer but, as he is younger than 24, Liverpool will have to pay Chelsea a compensation fee to be decided by a tribunal. The fee is expected to be in the region of £2m-£3m.

“Liverpool FC have agreed personal terms with Dominic Solanke to sign the England youth international this summer,” read a statement on the club’s official website. “The 19-year-old striker will complete the transfer to the Reds on July 1, 2017, upon the expiry of his contract with his current club, Chelsea.”

Solanke has an impressive goalscoring record for Chelsea’s youth teams and represented England up to under-21 level. He is part of Paul Simpson’s squad for the Under-20 World Cup in South Korea and spent the 2015-16 season on loan at Vitesse Arnhem, where he scored seven goals in 25 appearances.

The striker’s stand-off with Chelsea over a new contract had alerted an array of clubs to his availability and several Premier League teams competed with Liverpool for his signature. Solanke, who will earn less than £20,000 a week at Anfield, also had offers from RB Leipzig in Germany and Celtic, who saw him as a potential replacement for Moussa Dembélé.

Jürgen Klopp intends to deploy Solanke in Liverpool’s Under-23 team initially and he looks to develop a group of young talent – featuring the likes of Trent Alexander‑Arnold, Ben Woodburn and Harry Wilson – to challenge the first team and feature in cup competitions next season.

As Solanke is older than 17 and in line to sign a professional contract with Liverpool, the club’s transfer embargo – which applies to signing academy players from other English league clubs for two years – does not apply.

Another player on his way out of Chelsea is the goalkeeper Asmir Begovic, who has agreed a move to Bournemouth believed to be in the region of £15m. He will officially join the south-coast club on 1 July.

“AFC Bournemouth is an exciting, ambitious club which has everything in place for a very bright future,” Begovic said. “Being part of a title-winning team at Chelsea was amazing but I felt now was the right time to move on because I want to be playing regular football.

“I am coming into an important part of my career and I want to show people what I am capable of. When I spoke to Eddie Howe I knew Bournemouth was the right club for me and I want to bring my experience to the squad. I’m really excited to be part of the journey here and hope I can help take the club to another level.”

Bournemouth’s current No1 Artur Boruc, 37, has a deal until summer 2018 after triggering an appearance clause in his contract.