Trent Alexander-Arnold will become a Real Madrid player on Sunday, 1 June after Liverpool accepted a fee to release the defender early from his contract.
Sources at Liverpool have indicated that the fee is 10m euros (£8.4m), which Real have made as a single, up-front payment. However, sources at the Spanish club have suggested they have paid a lower amount.
A payment has been agreed to allow the England right-back to join Real in time to play in the Club World Cup.
The 26-year-old would have been able to leave Liverpool on a free transfer when his contract expired on 30 June.