Liverpool have agreed a fee of £35m for Arsenal midfielder Alex Oxlade-Chamberlain, who is currently undergoing a medical with the Anfield club, according to Sky sources.

The 24-year-old is set to join Liverpool on a six-year deal after the two clubs came to an agreement on Wednesday evening, although Oxlade-Chamberlain is yet to agree personal terms with the Reds.

Liverpool will pay a fee of £35m for Oxlade-Chamberlain - the same figure that was previously agreed with Chelsea for the versatile midfielder. Oxlade-Chamberlain, who is currently away on international duty with England, is undergoing a medical at St George's Park ahead of his move to Anfield.

The former Southampton youngster turned down a new improved deal at Arsenal earlier this month which would have seen him earn £180,000 a week.

Arsenal agreed a deal with Chelsea for Oxlade-Chamberlain earlier this week but the midfielder rejected the chance to join the Blues in favour of a move to Anfield.

News of the deal will come as a major blow to Gunners boss Arsene Wenger, who urged Oxlade-Chamberlain to commit his future to Arsenal last week.