Liverpool striker Danny Ings has joined Southampton on a season-long loan which will be made permanent at the end of the 2018-19 season.
The Saints have committed to buy the striker on July 1, 2019.
Liverpool are guaranteed £18 million, with a further £2 million based on appearances.
The 26-year-old has signed a four-year contract until 2022.
The Reds will also receive 20 per cent of any future sale of Ings.