The Reds recently signed youngsters Andras Simon and Krisztian Nemeth from the Budapest-based side, and a more formal association between the two clubs has now been announced.
"This is a milestone not only for MTK but for the whole of Hungarian football because Hungarian talents will get such an opportunity from this agreement that they could only dream about before in an academy like Agard's," Domonyai told skysports.com.
MTk also revealed that many European clubs were keen on linking up with the Hungarian side, but the vision of Reds boss Rafa Benitiez helped to sway the deal in Liverpool's favour.
Academy director Zsolt Tamasi added: "I can't express in words what an honour it is for us that Rafael Benitez and his team found us worthy for this co-operation.
"I think from now on all the members of the academy can be more proud of themselves."
