Scunthorpe have agreed a fee to complete the signing of striker Bobby Grant from Accrington Stanley.
The 19-year-old had already signed an agreement earlier in the summer to make the move to the Iron after his contract had expired, but the club had to agree a compensation package due to his young age.
The fee is as yet an undisclosed, six-figure sum, however it is rumoured to have the potential to rise to around £260,000.
Grant has enjoyed a quick rise through the ranks at the Crown Ground after growing up through Liverpool's academy as a youngster.
The Irishman scored 14 goals last campaign in 41 league appearances, helping his club to a 15th place finish and catching the eye of several clubs.
Grant will be looking to contribute his goal tally to keeping Scunthorpe in the Championship next season, after narrowly avoiding relegation with a 20th place finish last campaign.
The fee has raised some eyebrows for the modest Lincolnshire club, but general manager David Beeby explained that the fee is unlikely to be paid in full immediately, unless Grant has a highly successful season.
"For that to happen, Bobby would have to have a very good season and we would have to be promoted to the Premier League." said Beeby.
"I think both clubs are reasonably happy with the figure that's been agreed,"