Liverpool have agreed a £12m fee with Sevilla for left-back Alberto Moreno.
The 22-year-old Spain international was withdrawn from Tuesday's Uefa Super Cup match against Real Madrid and is expected on Merseyside for a medical later in the week.
Martin Kelly is now expected to leave Anfield to join Crystal Palace.
The England international, 24, will have a medical with the Eagles in the next 24 hours after the clubs agreed an initial fee of £1.5m, rising to £2m.
Moreno will become Liverpool's eighth signing this summer, and will vie with Jose Enrique to become Brendan Rodgers' first-choice on the left of defence.
Fellow Spaniard Enrique, 28, made just nine appearances at the start of last season before knee surgery in November put a premature end to his campaign, with Glen Johnson and Jon Flanagan deputising in the left-back position.
Liverpool have also bought Southampton trio Rickie Lambert, Adam Lallana and Dejan Lovren, Benfica's Lazar Markovic and Bayer Leverkusen's Emre Can, while right-back Javier Manquillo has joined on a two-season loan from Atletico Madrid.
The Merseysiders also signed Belgium striker Divock Origi from Lille for £10m, but have allowed the 19-year-old to return to the Ligue 1 side on loan for a season.
By Ben Smith BBC Sport
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