The newspaper reports that the deal will be announced next week, following the end of the Spanish league season. Personal terms and a medical are still to be agreed, he is expected to travel to Merseyside next week.
Aspas will arrive from Celta Vigo, where he has scored 46 goals in 137 appearances.
The 25-year-old forward is highly rated in Spain and can provide a new dynamic option to Brendan Rodgers’ attack.
The signing will surely put an end to rumours suggesting Andy Carroll will stay to fight for his place at Liverpool, with Luis Suarez, Daniel Sturridge, Fabio Borini and Philippe Coutinho also bolstering Liverpool‘s attacks.
Aspas looks set to be Rodgers’ second major signing of the summer, following the acquisition of Manchester City defender Kolo Touré, who will move on a free transfer on July 1st.