Liverpool have announced the signing of Nigerian forward Taiwo Awoniyi, who will immediately head out on loan with FSV Frankfurt.
The 18-year-old, who joins the Reds having previously represented Imperial Academy in Nigeria, is to spend the rest of the season on loan with the second-division German side.
Liverpool have paid around £400,000 for Awoniyi's services, according to the Press Association.
He told the club's official website: "This is the biggest club in the world and I'm privileged to be here.
- Liverpool FC (@LFC) August 31, 2015
"I'll try to develop myself very well so that when I come back to Liverpool I'll be able to add value to the team.
"When I'm in the red shirt, I will always give my very best to make the fans happy."
Awoniyi is a current Nigeria under-23 international. He has also played for the Super Eagles at the Under-17 and Under-20 World Cups, and earned a call-up for the senior Nigeria squad in 2013.
The news of his signing comes on the same day that three players have left Liverpool.
Striker Fabio Borini was first to have his exit confirmed on Monday, joining Sunderland on a four-year-deal for a reported fee of £8 million.
It has also been announced that striker Samed Yesil and teenage midfielder Sergi Canos have both gone out on loan, joining Swiss side FC Luzern and Brentford respectively.
Yesil's deal is also a season-long loan switch. The 21-year-old German signed for Liverpool from Bayer Leverkusen in the summer of 2012 and went on to make two first-team appearances for the Merseysiders in his first campaign with them, his only ones to date.
Canos has agreed a deal that will see him work with the Championship side until Jan. 3.
The 18-year-old Spaniard, yet to make a senior appearance for Liverpool, joined the Reds in the summer of 2013 from Barcelona. He is a product of the Catalan giants' famed La Masia academy.