By North-west corrrespondent

Liverpool are set to complete the signing of Mainz goalkeeper Loris Karius next week, according to a report.

As reported by Football Insider, talks about a deal are ongoing but a new development suggests the Merseyside will soon land the highly rated 22-year-old.

Merseyside-based Express reporter Paul Joyce has claimed Karius will join Liverpool from Bundesliga club Mainz ‘next week’ and that the player has a £4.7million release clause in his contact.

The goalkeeper, who was once in the Manchester City youth set-up, has two years remaining on his deal with Jurgen Klopp’s former club Mainz.

As revealed by Football Insider in January, Liverpool are in the market for a new goalkeeper this summer after deciding to offload Adam Bogdan, who played last weekend’s Premier League draw at West Brom.

Klopp and his staff want stronger competition for established No1 Simon Mignolet, who has made a series of high profile errors in his three seasons at Anfield.

Danny Ward, who was recalled from a loan spell at Aberdeen in January, has impressed on his two senior outings and does have a future with Liverpool.

However, the Wales international could go out on loan again next term to gain further experience with Huddersfield Town keen to take him on a temporary deal.

Barcelona’s Marc-Andre her Stegen and Cologne’s Timo Horn were among the names Liverpool were reportedly interested in but it appears Klopp has now decided on Karius.

The Liverpool manager has close ties with Mainz having managed the club from 2001 to 2008 before taking over at Borussia Dortmund.

Should a deal be completed, Karius could become Klopp’s fourth senior signing since taking charge at Anfield last October.

Permanent deals have already been agreed for midfielder Marko Grujic and defender Joel Matip while Steven Caulker was signed on loan in January from QPR.

In other Liverpool transfer news, the Merseysiders are also working on a deal to land a Serie A-based midfielder.