Liverpool has agreed upon a £40 million ($51.7) transfer fee with Arsenal for Alex Oxlade-Chamberlain.

The deal could take their spending to around £170 million if Monaco sanctions the sale of Thomas Lemar.

Oxlade-Chamberlain also received interest from Chelsea, but he preferred the move to Liverpool.

Arsenal initially refused to hold talks with Liverpool over Oxlade-Chamberlain with relations between the club strained by the Luis Suárez dispute of four years ago. Oxlade-Chamberlain wants a central midfield role with Liverpool.