Liverpool sporting director

Liverpool have agreed the terms of a new contract with Harvey Elliott and are set to snub loan offers for next season, Football Insider understands.

The Merseysiders regard the teenager forward as one of the outstanding young players in the country and have moved quickly to tie him to a three-year deal.

A Liverpool source has told Football Insider that the club have an agreement in place with Elliott and are expected to make an announcement in the coming months.

The new contract with see Elliott leapfrog the club’s youth-team stars with a package worth in excess of £20,000-a-week.

Elliott’s new deal will replace the youth terms he signed when joining from Fulham in July of last year.

FA rules meant he could not pen a professional contract until his 17th birthday, which was earlier this month.

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Jurgen Klopp has big plans for Elliott and is ready to hand him even more game time next season as part of a carefully formulated development plan.

That would mean Liverpool resisting what are expected to be extensive offers from clubs keen to take the rising star on loan next season.

The left-footed forward, who primarily plays on the right flank, is the youngest player to ever appear in the Premier League.

He has already accumulated seven senior appearances, six of them as a starter in cup competitions, despite spending most of the season playing for the Under-23s.

Liverpool and Fulham are still to agree a fee for him nine months after his arrival.

The Londoners want a compensation package which includes an upfront payment of more than £7million and a sell-on clause in which they would receive a percentage of any profit the runaway Premier League leaders make on his sale.

In other Liverpool news, Football Insider has been told how the club have already signed Sadio Mane’s replacement.