The 15 year-old's camp have negotiated with Liverpool a release so Leeds won't have to pay any compensation.
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The winger is a Republic of Ireland youth international and has been with Liverpool since the U9s.
"After eight years at Liverpool it is time for me to say goodbye," Morrall posted to social media this week.
"I would like to thank all the staff and the coaches that helped me develop into a better player and a person.
"I will miss the memories and friends I made along the way; however, I am looking forward to starting a new chapter and hopefully more things to come."