Reds sign Swedish starlet

The highly-rated youngster, who represented Sweden at the European under-17 Championships, recently completed a trial period at Liverpool, and the North-West club have now agreed to pay his club Falkenburg an initial transfer fee of between £1 and 2.5 million.

"It's the biggest deal I have ever made," Falkenburg chairman Lars-Eric Nilsson told Hallands Nyheter.

"It's rare for a player of his age, it's impressive. We went back and forth for a while but I liked doing business with Liverpool and I had a feeling we could make a good deal in the end.

A large part of the deal is dependent on Ajdarevic's future performances for the club, with the fee said to rise to a maximum of 10 million euros.

Meanwhile, the Reds have confirmed the signing of Argentinian left back Emiliano Insua on an 18-month loan deal from Boca Juniors.

"He is a good, young player with a lot of potential," said manager Rafael Benitez.

News of the two signings comes just a day after Benitez had complained of under-investment in talented young players at the club.