Liverpool winger Sebastian Leto has joined Olympiacos on-loan for the coming season.

Contrary to reports earlier this week, Leto will not be signing with Olympiacos for two years, but just for the coming 12 months.

"Olympiacos is a challenge for me," he said. "I've had two weeks of pre-season training with Liverpool and I believe I will be ready to do whatever I have to.

"Olympiacos are a great team who challenge for every honour in Greece and in the Champions League. The team has some good players, a well known coach and fanatical supporters which always inspires them."