Barcelona and Liverpool have confirmed their £75 million ($128 million) transfer deal for Luis Suárez.

Suárez will sign a five-year deal with Barça and be presented to the media and fans next week.

"Luis is a very special talent and I thank him for the role he has played," said Liverpool boss Brendan Rodgers.

Suárez is serving a four-month ban for biting Giorgio Chiellini.

The move to Barcelona takes him closer to his wife Sofia's family.

"I hope you can all understand why I have made this decision," said the striker, who is banned from "all football-related activity" until the end of October as he serves his third suspension for biting an opponent.

"This club did all they could to get me to stay, but playing and living in Spain, where my wife's family live, is a lifelong dream and ambition. I believe now the timing is right."