Liverpool has announced the appointment of Arne Slot as Jürgen Klopp's successor ahead of the 2024/25 season. The deal progressed after the Reds agreed on a compensation package with Feyenoord.

After Klopp announced he would be leaving the club after nine years in charge back in January, the hunt for the next manager to take charge at Liverpool began. Former midfielder Xabi Alonso emerged as the early frontrunner, although he eventually committed his long-term future to Bundesliga champions Bayer Leverkusen.

Sporting Club de Portugal boss Rúben Amorim was another name to be linked with the job until the interest cooled from Liverpool and he entered negotiations with West Ham United. The 39-year-old will not be moving to Merseyside this summer and won't make the leap into the Premier League at all after talks in East London broke down.

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Then came Arne Slot. The Feyenoord boss - who guided his side to the 2022/23 Eredivisie title - emerged as the preferred candidate following the 1-0 win over NEC in the KNBV Cup earlier in April. Liverpool saw an initial approach rejected for the former midfielder, although the club soon progressed in its efforts after agreeing on a hefty compensation package for him.

It's believed the Reds will pay a fee of around $11.8 million (€11m/£9.4m) to secure his services - making Slot the third most expensive manager in Premier League history. Graham Potter to Chelsea, which cost $26.9m (€25m/£21.5m) takes top spot, while Julian Nagelsmann to Bayern Munich comes in second after the Bavarian club paid RB Leipzig around $26.7m (€25m/£21.3m) in 2021.

Slot is also eager to bring a number of his Feyenoord staff with him to Anfield, such as assistant manager Sipke Hulshoff, head of performance Rubeen Peeters and analyst Etiënne Reijnen. It remains to be seen what the make-up of his backroom team will be, but after plenty of negotiating, Liverpool has got its man.

Liverpool.com says: Some outlets had reported a more substantial figure for Slot, although this is wide of the mark. If the Dutchman can keep Liverpool challenging for titles as soon as he arrives at Anfield, he will be worth every penny of the figure.