Liverpool agree £40m Oxlade-Chamberlain deal

Alex Oxlade-Chamberlain

Liverpool have agreed a £40m deal to sign Arsenal and England midfielder Alex Oxlade-Chamberlain.

The 24-year-old, who rejected a move to Chelsea on Tuesday after a fee had been agreed, will join Liverpool on a five-year contract worth £120,000 a week.

Oxlade-Chamberlain, who is in the final year of his Arsenal contract, rejected a new deal worth up to £180,000 a week to stay at the Emirates.