Liverpool have agreed a £116m deal to sign Germany attacking midfielder Florian Wirtz from Bayer Leverkusen.
The fee includes a guaranteed £100m and a further £16m in add-ons.
Those bonus payments would become payable if the Reds achieve a sustained level of success at elite level - and would only then become a British record.
The British record for an initial fee remains Chelsea's £107m signing of Argentina midfielder Enzo Fernandez from Benfica in 2023.
Chelsea also brought in Brighton midfielder Moises Caicedo for an initial £100m fee, which could rise to £115m.
Manchester City had been keen on Wirtz before cooling their interest because of the costs involved in the deal, while Bayern Munich were also linked with him.
Wirtz made his debut for Leverkusen at the age of 17, scoring 57 goals in 197 games for the club.
He helped them win the Bundesliga for the first time in 2024 and has scored seven goals in 31 appearances for Germany since making his national debut in 2021.
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