Sky Sports News understands that Liverpool are on the brink of signing defender Danny Wilson from Rangers.
Ibrox manager Walter Smith revealed to Sky Sports News reporter David Tanner that the two clubs are in advanced stages of discussions and have only the transfer fee left to agree on.
Smith also said the move could be sealed as soon as Tuesday evening, which would leave 18-year-old Wilson free to link up with the Reds at their Switzerland training camp.
Centre-back Wilson came through the youth ranks at the Ibrox club before penning his first professional contract there three years ago.
He will not join the Rangers squad that will fly out to Australia for their pre-season tour on Tuesday night due to a slight hamstring injury.
Rangers assistant manager Ally McCoist is unsurprised by the interest Liverpool have shown in Wilson following the stopper's impressive campaign last season.
"I think the first thing they (Liverpool) would have to accept is that they're signing potential," McCoist told Sky Sports News.
"But it's a whole load of potential because he came in last season for us and played an awful lot of games, certainly a lot more games than, to be fair, we probably thought he would.
"A lot of that was probably down to him not being one hundred per cent fit a lot of the time.
"But he came in and he handled himself really superbly well. We obviously had very high hopes for Danny and Danny has high hopes for Danny and obviously Liverpool can see the potential there.
"If the deal is a done deal then certainly we would wish Danny all the best. I think there is a little bit of work to be done before it's a done deal, but they'll certainly be signing a player with outstanding potential."