Stefan Savic has joined Fiorentina as part of the deal.
Reports claim the deal that sees the youngster move to Eastlands is worth around £12million.
The 19-year-old impressed for Fiorentina in Serie A last season.
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Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.