The 20-year old Uruguay international has been heavily linked with both clubs recently but has revealed that he would choose the Reds over big-spending City.
"But having the help of Luis Suarez would be very important. I will be going to England, we are just missing a few details now.
"The Liverpool offer ticks all boxes, so fair to say it's a done deal. Luis's success is important for me as another Uruguayan joining.
"He said it will be great having a Uruguayan with him, we chatted for quite a while, as he is someone I know well."