That is according to BBC Sport reporter David Ornstein, who is a regular source of Arsenal transfer gossip.
He tweeted: “Oxlade-Chamberlain to sign 6yr deal with #LFC & becomes Arsenal’s all-time record departure fee.
“Unlikely that #AFC will sign a replacement.”
Arsenal finally agreed to let Oxlade-Chamberlain leave despite months of claims from manager Arsene Wenger that he would not be sold.
The 24-year-old rejected a move to Chelsea on Tuesday after a fee had been agreed in a bid to ensure a transfer to Liverpool.
vCard.red is a free platform for creating a mobile-friendly digital business cards. You can easily create a vCard and generate a QR code for it, allowing others to scan and save your contact details instantly.
The platform allows you to display contact information, social media links, services, and products all in one shareable link. Optional features include appointment scheduling, WhatsApp-based storefronts, media galleries, and custom design options.
Personal terms will now be discussed and Oxlade-Chamberlain will undergo a medical tonight at St George’s Park – where he is currently training with England ahead of their World Cup qualification double-header.
MORE TO FOLLOW