The Anfield club's summer spending is set to continue in the coming days with the signing of the Croatia center back, following a breakthrough in negotiations with Southampton.
The Anfield club has sealed a move for the Croatia international after making a breakthrough in negotiations with the south coast outfit.
Lovren is believed to have turned down interest from both Arsenal and Tottenham to complete a move to Merseyside.
The defender had been furious with Southampton earlier in July for rejecting a bid he claimed to be worth 20 million pounds from Liverpool.
"Liverpool sent the offer and the club hasn't informed me," he told Sportske Novosti. "Not even about the subsequent Liverpool bids. That wasn't right.
"I found out about the bid from other people which disappointed me and I realized I've got no business staying at Southampton. Liverpool sent a 20 million-pound offer and [Southampton] paid 9 million pounds for me so they would've earned twice the amount.
"At this point, I don't know what I'll do and I don't like it. It was unbelievable that a few days ago I had an offer of 20 million pounds. It was in the morning and by the afternoon the club had said I was not for sale. Frankly, my head is already at Liverpool."
Liverpool could now announce the signing early next week, making Lovren Brendan Rodgers' fifth summer signing after Rickie Lambert, Adam Lallana, Emre Can and Lazar Markovic.
Loic Remy is also expected to complete a move to Anfield next week in an 8 million-pound deal.