Liverpool broke the bank to get their man.

The Reds have reached an agreement to sign talented midfielder Moises from Brighton, edging out Premier League rivals Chelsea in the process.

According to Athletic Club player David Ornstein, a fee of £110m has been agreed – a British transfer record.

It is understood that Chelsea made a bid of £100m.

Personal terms have not yet been agreed between Caicedo and Liverpool, but are expected to be a formality, with the medical scheduled for Friday.

Back in the transfer window last season, Arsenal registered an interest in acquiring the Ecuadorean signature.

But Brighton owner Tony Bloom, a tough and tough negotiator, held firm and rebuffed any advances – even turning down an offer of £70 from Arsenal.

So when Arsenal signed defensive midfielder Declan Rice less than six months later, Chelsea emerged as a candidate to snap up Caicedo.

With the departures of Mason Mount, Mateo Kovacic, N’Golo Kante and Ruben Loftus-Cheek all from west London, Chelsea have left a huge void in their midfield.

However, Liverpool entered the picture at the last minute and apparently hijacked Chelsea’s chase, bidding them £10.

This deal broke Virgil van Dijk’s transfer record in 2018 to £75m.

It also breaks the British record, a accolade previously held by Chelsea when they paid £107m for Enzo Fernandes.

For Reds fans, it immediately assuages ​​their growing fears of replacing the exodus of outgoing midfielders.

Not only did they lose captain Jordan Henderson, but they also saw defensive midfielder Fabinho leave Anfield for Saudi Arabia as well.

As basic Liverpool’s midfield as it looks on paper, Caicedo sitting alongside Alexis McAllister and Dominic Zuboszlay is giving Jurgen Klopp’s side a huge boost in their quest for more silverware.