Rafael Benítez is due to fly to Merseyside today with the Premiership club hoping to unveil him as their new manager within the next 48 hours.
The Spaniard resigned his position at Valencia last week after three hugely successful seasons at the Mestalla. Liverpool's chief executive Rick Parry has already held discussions in Spain with Benítez's representative Manuel García Quilón over the vacant position at Anfield and those ended with the 44-year-old former Real Madrid B and Tenerife coach agreeing in principal to succeed Gérard Houllier.
Further talks will take place early this week to smooth the finer details of the deal, believed to be a four-year contract worth £25,000 a week, which will virtually double the salary Benítez enjoyed in winning the Spanish League title last season.
Liverpool are anxious to conclude the matter ahead of the start of Euro 2004 as that will give Benítez time to assess squad strengthening this summer, with three Valencia players - the Argentinians Roberto Ayala and Pablo Aimar and the Spanish goalkeeper Santiago Ca-izares - potentially to follow him to Anfield along with his No2 Francisco Ayestaran.