The 19-year-old has left his boyhood club to join Bournemouth for a reported fee of £25 million, signing a five-year deal.
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Doak impressed during his loan spell with Championship side Middlesbrough last season, scoring three goals and providing seven assists in his 24 games.
It’s understood that Liverpool have included a buy-back option in the deal, as they did when selling Jarell Quansah to Bayer Leverkusen.
Liverpool have now raised a massive £227m from sales this summer as they look set to continue their squad overhaul.