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Incoming Ox

Liverpool will announce the £35million signing of Alex Oxlade-Chamberlain from Arsenal.

The England international has agreed a five-year contract worth around £120,000 per week.

Oxlade-Chamberlain underwent a medical at St George's Park on Wednesday night. The Reds thrashed out a deal with Arsenal after the 24-year-old rejected the chance to join Chelsea.

(Image: Photo by Dan Mullan/Getty Images)

More to follow?

Any further incomings will hinge on Liverpool's ability to secure the services of Thomas Lemar and Virgil van Dijk.

The Reds are prepared to shatter their transfer record with both the Monaco attacking midfielder and the Southampton centre-back valued at around £75million.

However, the ECHO understands that getting those deals done is "possible rather than probable".

Liverpool have yet to agree a fee with Monaco and the clock is ticking with Lemar set to play for France against Holland tonight.

Van Dijk has been desperate to move to Anfield all summer but Saints' stance that he isn't for sale still hasn't shifted. If they have a late change of heart then Liverpool are ready to do business.

Coutinho saga continues...

Speculation about Philippe Coutinho's future is bound to rumble on, especially as the Spanish window is open until Friday night.

Reports suggest that Barcelona are planning one final bid of 160million Euros (£147million) after having three previous offers rejected.

But Liverpool remain adamant that Coutinho is going nowhere, regardless of whether they sign Lemar or not.

(Image: Andrew Powell/Liverpool FC via Getty Images)

Origi off

Divock Origi is set to leave Liverpool on loan. The Reds have been inundated with offers for the Belgium international, who has fallen down the pecking order at Anfield.

Wolfsburg is the most likely destination for him after they agreed to pay the Reds a substantial loan fee.

Sakho to say farewell

Mamadou Sahko's Liverpool career will come to an end. The Reds are waiting for Crystal Palace to meet the £30million asking price after rejecting an offer of £25million earlier this week.

(Image: Photo by John Powell/Liverpool FC via Getty Images)

More loan exits?

Others could depart on loan. Liverpool want to sell Anfield flop Lazar Markovic but may have to settle for another loan instead with Watford keen on him.

Ryan Kent could also depart on a temporary basis, although Hannover 96 sporting director Horst Heldt has stated they are now out of the running.