Inter Milan coach Andrea Stramaccioni admits Philippe Coutinho is on his way to Liverpool.
There are numerous reports that Liverpool have raised their offer to match the 15m asking price for Coutinho, around £12m.
A deal is imminent for the 20-year-old Brazilian, so the money could be reinvested in taking Paulinho from Corinthians for 20m.
Stramaccioni said: "Coutinho and Ricky Alvarez? I dubbed them painful losses because these are players who started the project with us and that is also true of Wesley Sneijder. It is always painful to lose players I work with.
"I could let go of a player as long as another will arrive who can help the squad. Paulinho? I won't comment on names until the window closes."