Liverpool have completed the signing of Federico Chiesa from Juventus in a deal worth £12.5m.
The fee for the winger is £10m up front, plus £2.5m in add-ons, which are dependent on Liverpool winning the Premier League and Champions League.
The 26-year-old has signed a four-year contract at Anfield and it is understood the Italy international is on the same wages he was on at Juventus.
He could make his Liverpool debut on Super Sunday against Manchester United.
Chiesa told Liverpoolfc.com: "I'm so happy to be a Liverpool player. When Richard Hughes [Liverpool sporting director] called me and he said, 'Do you want to join Liverpool?' - and the coach called me - I said yes immediately because I know the history of this club, I know what it represents to the fans.
"So, I'm so happy and I can't wait to get started."
The Italy international becomes new Liverpool head coach Arne Slot's second signing this summer after the Reds signed Valencia goalkeeper Giorgi Mamardashvili for £25m plus £4m in add-ons, although the Georgia international will remain with the LaLiga club until next summer.