Liverpool have announced the signing of Wolves forward Diogo Jota on a five-year deal.

The London Evening Standard says the Reds will pay an initial fee of at least £41million, with a further £4m in add-ons to come depending on their European success.

Jota becomes Liverpool's second signing in as many days following the acquisition of Bayern Munich midfielder Thiago Alcantara.

The pair join Kostas Tsimikas as Liverpool's summer signings after the defender completed his move in early August.

Jota said, "It's just a really exciting moment for me and my family. All of my path since I was a kid and now, to join a club like Liverpool – the world champions – is just unbelievable. I just want to get started.

"I just wanted the deal to get done. Obviously people started to talk about that and I received a lot of messages. We were trying to get this done because obviously we want to sign the contract – that's the big moment – and to start training with my teammates as well."