Liverpool have agreed a £14 million fee with Sunderland for Italian striker Fabio Borini.

Borini spent last season on loan at the Stadium of Light where he impressed manager Gus Poyet with some vital goals to assist the club's extraordinary Premier League survival.

He was a priority signing for the Black Cats, but after an earlier valuation of £10 million was rejected, terms were agreed on Friday.

The 23-year-old becomes the second Liverpool striker to depart the club this month, following Luis Suarez. Their combined sale of £89 million significantly swells Brendan Rodgers’ transfer kitty for the rest of the summer as Liverpool prepare to be Europe’s biggest spenders.

Another player soon to depart on a permanent basis is Pepe Reina, but the Spanish keeper will join Liverpool’s tour of the United States as he awaits resolution to his potential return to Napoli.

Reina spent last season on loan in Italy and is available for just €5 million (£3.9 million) this summer, but so far no deal has been struck and he has been called into Rodgers’ touring party.

Despite his presence, a revival of his Anfield career is not on the agenda. There was a cooling of the relationship between manager and goalkeeper following his temporary exit a year ago, Rodgers stating he was unimpressed with a farewell letter penned by the keeper while he was still under contract.