Manchester City strike £49 million deal with Liverpool for Raheem Sterling

Liverpool have accepted Manchester City’s bid for Raheem Sterling according to reports

Manchester City have succeeded in reaching an agreement with Liverpool for wantaway winger Raheem Sterling in a bid that is believed to be £49 million, according to a report by The Mirror.

City have finally got their man as their earlier bid was rejected by Liverpool. The agreement reached by both clubs means that the 2014/14 champions will pay £44 million initially for the youngster and will pay up £5 million later as add-ons which will depend on the appearances made by the England international.

The deal is expected to be completed within the next day as Sterling will get his wish of moving away from Anfield after having turned down a contract extension. Liverpool have given the green light for the 20-year-old to enter into negotiations with City over personal terms.

The deal is expected to be just a formality now and reports are suggesting that the winger will undergo his medical on Monday. Once the deal is done, the youngster is expected to join City's squad in time for their pre-season tour to Australia.

The agreement between the two clubs means that the speculation and the saga surrounding Sterling has finally come to an end. Sterling's future was one of the biggest talking points ever since he refused to sign the contract extension with the Anfield club.

Liverpool had earlier signed former City midfielder James Milner on a free transfer.