Reds replace Masch with Raul Meireles

Liverpool have moved quickly to replace wantaway midfielder Javier Mascherano with Portugal international Raul Meireles.

Portugal's Raul Meireles celebrates his goal during the 2010 World Cup Group G soccer match against North Korea at Green Point stadium in Cape Town June 21, 2010. REUTERS/Carlos Barria (SOUTH AFRICA - Tags: SPORT SOCCER WORLD CUP)

The Guardian reports a £10.7m fee has been agreed for the 27 year old central midfielder:

Meireles, one of Portugal’s more impressive players in the World Cup, is understood to have agreed personal terms and, if everything goes according to plan, the deal will be completed over the weekend, dependent on the player passing a medical examination.

Meireles is available for a low fee because he only has two years of his contract left and Porto have been trying to sell him rather than risk losing him on a free transfer in the future.

Liverpool fans will be boosted by the news, with many worried that the money from Javier Mascherano’s imminent move to Barcelona would not have been given to manger Roy Hodgson to reinvest in the squad.

Even better news, the Mancs wanted to sign him but the Glazer’s dont allow Fergie to sign players over the age of 26.

Hodgson is also set to complete the signing of Fulham left back Paul Konchesky this weekend, adding to the homegrown quota at the club.